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 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 continued economic growth ... 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 ...
Economy Of Russia - Economic History
... The two fundamental and 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 ... of the Russian Republic had begun to attack the problems of macroeconomic stabilization and economic restructuring ...
Economy Of Nigeria - Gradual Reform
... government supports "private-sector" led, "market oriented" economic growth and has begun extensive economic reform efforts ... been disappointing, progress in injecting transparency and accountability into economic decisionmaking is notable ...
Nicknames of Geographical Places
... and slogans that successfully create a new community "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
... of mathematics and statistical methods to economic data and described as the branch of economics that aims to give empirical content to economic relations ... it 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 ...

More definitions of "economic":

  • (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 an economy, the system of production and management of material wealth.
    Example: "Economic growth"
    Synonyms: economical
  • (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): Of or relating to the science of economics.
    Example: "Economic theory"

Famous quotes containing the word economic:

    I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passé abstractions like beauty, nobility, and greatness have a shifting but continuing validity.
    Camille Paglia (b. 1947)

    The bourgeois takes economic power very seriously, and often worships it quite unselfishly.
    Nicolai A. Berdyaev (1874–1948)

    A society in which everyone works is not necessarily a free society and may indeed be a slave society; on the other hand, a society in which there is widespread economic insecurity can turn freedom into a barren and vapid right for the millions of people.
    Eleanor Roosevelt (1884–1962)