economic
gb/ˌɛkənˈɑmɪk/ us/ˌɛkənˈɑmɪk/
B1
English
~ 500
gazdasági, gazdaságos, takarékos
B1
1
gazdasági
B1
Usage pattern:
[economic] [noun]
The country is facing serious economic challenges.
Az ország súlyos gazdasági kihívásokkal néz szembe.
Economic growth has slowed down over the past year.
A gazdasági növekedés lelassult az elmúlt évben.
The government's new economic policy aims to reduce unemployment.
Tourism plays a key role in the island's economic development.
Economic factors influenced the company's decision to relocate.
Learner examples
The city has many economic problems.
A városnak sok gazdasági problémája van.
We hope for economic growth next year.
Gazdasági növekedésben reménykedünk jövőre.
They study economic history at school.
The new law will help economic development.
Common mistake:
Learners sometimes confuse 'economic' with 'economical'. 'Economic' relates to the economy; 'economical' means saving money or resources.
Meaning
Related to money or economy
Collocations
economic growth
|economic crisis
|economic policy
|economic development
|economic impact
Synonyms
financial (Often used for matters involving money directly, not broader economy structures.)
|
fiscal (More formal and often used for government revenue and taxation issues.)
Antonyms
nonfinancial (Not related to money or the economy.)
Themes
business
|finance
|government
|core_vocabulary
Definition
About business, money, and how they are managed in a country or company.
Relating to trade, industry, and the management of money in a country, region, or organization.
B2
2
gazdaságos
B1
takarékos
B1
Usage pattern:
[economic] to [do something]
This heating system is more economic in the long run.
Ez a fűtési rendszer hosszú távon gazdaságosabb.
It would be more economic to share a taxi than to take separate ones.
Gazdaságosabb lenne közösen taxizni, mint külön menni.
The design is simple and economic to produce.
Learner examples
The car is economic to drive.
Az autó gazdaságosan használható.
This plan is more economic for us.
Ez a terv gazdaságosabb számunkra.
It is economic to buy food in bulk.
Common mistake:
Learners often use 'economic' when 'economical' is more natural for this meaning. 'Economic' is acceptable but formal or rare here.
Meaning
Low cost or efficient use
Collocations
economic solution
|economic to run
|economic choice
Synonyms
economical (This is the more common word for this meaning; 'economic' is less frequent in this sense.)
Antonyms
wasteful (Spending more than necessary or using resources poorly.)
Themes
daily life
|business
|finance
|core_vocabulary
Definition
Cheap to use or good at saving money, time, or other things.
Using resources such as money, time, or effort in an efficient way; inexpensive to operate or maintain.
Grammar
Dictionary form
economic
IPA
GB/ˌɛkənˈɑmɪk/
US/ˌɛkənˈɑmɪk/
Syllables & stress
eco - nom - ic (3 syllables)
Stress on 3rd syllable (ic)
Word forms
Adjective
- Base: economic
Word family
Core family
Related words
economical
adjective B1
economize
verb B2
Negative and opposite forms
uneconomic
adjective
uneconomical
adjective
Advanced or less common
socioeconomic
adjective C1
macroeconomic
adjective
Expressions
economic crisis
1/ˌɛkənˈɑmɪk kɹˈaɪsəs/
fixed phrase
Severe economic problems in a country
A time when a country's money system has big problems, like high unemployment and low production.
Examples
- The country went through an economic crisis in the late 1990s.
- An economic crisis can lead to political instability.
economic impact
1/ˌɛkənˈɑmɪk ˈɪmpækt/
fixed phrase
Effect on the economy
The way something changes how much money is made or spent in a place.
Examples
- The festival had a positive economic impact on local businesses.
- Experts are studying the economic impact of climate change.
economic policy
1/ˌɛkənˈɑmɪk pˈɑlɪsi/
fixed phrase
Government's plan for economy management
A government's ideas and rules about how to run the country's money and business systems.
Examples
- The president announced a new economic policy focused on job creation.
- Economic policy can affect inflation rates.
economic development
1/ˌɛkənˈɑmɪk dɪvˈɛləpmənt/
fixed phrase
Improvement of economy and living standards
When a country gets more jobs, better businesses, and higher living standards over time.
Examples
- Economic development has reduced poverty levels in the region.
- Tourism is vital for the region's economic development.
- The government launched a plan for economic development.
- The conference focused on strategies for sustainable economic development.
economic growth
1/ˌɛkənˈɑmɪk ɡɹˈoʊθ/
fixed phrase
Increase in national production and wealth
When a country makes and sells more goods and services than before, usually making people richer.
Examples
- Economic growth slowed during the recession.
- Economic growth has slowed this year due to global uncertainty.
- The government introduced reforms to boost economic growth.
- The government introduced policies to encourage economic growth.