adjective · academic
economic
UK/ˌiːkəˈnɒmɪk/US/ˌiːkəˈnɑːmɪk/eco·NOM·ic
relating to trade, industry, and money; also meaning cost-effective in some contexts
Examples
“Economic growth in the region has slowed this year.”
“From an economic perspective, investing in education pays off.”
“They looked for an economic solution that would reduce costs.”
Band 8 sentence
“The government's economic strategy must balance short-term stimuli with long-term fiscal sustainability.”
Collocations
- economic growth
- economic policy
- economic crisis
Word family
Common mistakes
economic vs economical (dùng lung tung)→economic (thuộc kinh tế) / economical (tiết kiệm chi phí)
economic problem = economical problem→economic problem
Say it for a higher band
5money-related→6financial→7+economic
Synonyms
financial
economical
Easily confused
economical
“Buying in bulk is often more economical than buying single items.”
Related words
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In Sublist 1
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