What is economic?

  • (adj): Using the minimum of time or resources necessary for effectiveness.
    Example: "An economic use of home heating oil"
    Synonyms: economical
    See also — Additional definitions below

Some articles on economic, economics:

Economy Of Russia - Economic History
... independent goals – macroeconomic stabilization and economic restructuring – are indicators for a transition from central planning to a market-based economy ... The former entailed implementing fiscal and monetary policies that promote economic growth in an environment of stable prices and exchange rates ... Republic had begun to attack the problems of macroeconomic stabilization and economic restructuring ...
Nicknames of Geographical Places
... "ideology or myth" are also believed to have economic value ... Their economic value is difficult to measure, but there are anecdotal reports of cities that have achieved substantial economic benefits by "branding" themselves by adopting new slogans ...
Econometrics
... is the application of mathematics and statistical methods to economic data and described as the branch of economics that aims to give empirical content to economic relations ... is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference ... Econometrics is the unification of economics, mathematics, and statistics ...
Economy Of Nigeria - Gradual Reform
... The Obasanjo government supports "private-sector" led, "market oriented" economic growth and has begun extensive economic reform efforts ... transparency and accountability into economic decisionmaking is notable ...
Economy Of The Republic Of Macedonia - Economic Activity
... Macedonia is vulnerable to economic developments in Europe - due to strong banking and trade ties - and dependent on regional integration and progress toward EU membership for ... UN sanctions on the downsized Yugoslavia, and a Greek economic embargo over a dispute about the country's constitutional name and flag hindered economic growth until 1996 ... In the wake of the global economic downturn, Macedonia has experienced decreased foreign direct investment, lowered credit availability, and a large trade deficit ...

More definitions of "economic":

  • (adj): Financially rewarding.
    Example: "It was no longer economic to keep the factory open"; "have to keep prices high enough to make it economic to continue the service"
  • (adj): Concerned with worldly necessities of life (especially money).
    Example: "He wrote the book primarily for economic reasons"; "gave up the large house for economic reasons"; "in economic terms they are very privileged"
  • (adj): Of or relating to the science of economics.
    Example: "Economic theory"
  • (adj): Of or relating to an economy, the system of production and management of material wealth.
    Example: "Economic growth"
    Synonyms: economical

Famous quotes containing the word economic:

    The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.
    John Kenneth Galbraith (b. 1908)

    Three factors—the belief that child care is female work, the failure of ex-husbands to support their children, and higher male wages at work—have taken the economic rug from under that half of married women who divorce.
    Arlie Hochschild (20th century)

    Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.
    Augustus Y. Napier (20th century)