Etimology
From Middle French economique, from Latin oeconomicus, from Ancient Greek οἰκονομικός (oikonomikós, “skilled with household management”).
adjective
economic (comparative more economic, superlative most economic)
Pertaining to an economy.
Frugal; cheap (in the sense of representing good value); economical.
Pertaining to the study of money and its movement.
(obsolete) Pertaining to the management of a household
Examples
Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product , is a tangle too. GDP measures the total value of output in an economic territory. Its apparent simplicity explains why it is scrutinised down to tenths of a percentage point every month.
There is much talk of tyranny in the political realm, but little is said about the tyrannies in the economic realm, a primary one being the tyranny of high costs: high costs crush the economy from within and enslave those attempting to start enterprises or keep their businesses afloat.
And doth employ her Oeconomick Art, and buisy Care, her Houshold to preserve
Related words
related terms
economise
economize