Akademik

economic
economic ec‧o‧nom‧ic [ˌekəˈnɒmɪk◂, ˌiː- ǁ -ˈnɑː-] adjective [only before a noun]
1. ECONOMICS COMMERCE relating to or involving economics, money, finance, industry, trade etc:

• The economic climate (= general state of the economy ) is not likely to improve significantly in the current year.

• The country is facing a severe economic crisis.

• The government is trying to promote political stability and economic growth.

• What are the prospects for economic recovery?

2. a business or an investment that is economic produces enough profit to make it worth continuing with:

• Oilfields that are not economic today may become considerably more attractive when oil prices increase.

* * *

economic UK US /ˌiːkəˈnɒmɪk/, /ˌekəˈnɒmɪk/ adjective
ECONOMICS relating to trade, industry, and money: economic conditions/situation »

The plan also recognized the need to react to the challenging economic conditions facing football clubs around the world.

economic boom/expansion/upswing »

Employers faced record-low unemployment levels during the economic boom.

economic downturn/slowdown »

The government-subsidized corporation may run into trouble in an economic downturn.

economic collapse/crisis/depression »

This legislation aims to pull the country out of economic crisis by giving tax breaks for companies to hire more workers.

economic recovery/regeneration »

He was instrumental in providing the framework for post-war economic recovery.

»

economic change/reform

economic benefits/interests »

These laws serve to protect our long-range security and economic interests.

»

economic data/figures/statistics

»

economic factor/issue/problem

»

economic equality/inequality/justice

»

They discussed the consequences of the banking crisis for US economic policy.

»

The Chancellor's chief economic adviser yesterday made what might be his last budget briefing to journalists.

»

She warned this would lead to a decline in economic performance and poorer public services.

»

Government-led investment in infrastructure and technology aims to boost individual consumption and economic competitiveness.

»

Some consider the foundations of economic freedom to be personal choice, voluntary exchange, and open markets.

»

We could put more pressure on the private sector to create more economic opportunities for minorities.

COMMERCE making a profit, or likely to make a profit: »

We had to close our London office - with the rent so high it just wasn't economic.

NATURAL RESOURCES not using a lot of money, fuel, etc.: »

It's often more economic to buy office supplies in bulk.

See also ECONOMICAL(Cf. ↑economical)

Financial and business terms. 2012.