economic

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Economic Definition & Meaning

1. Relating to the production, distribution, and consumption of goods and services.

Example: The economic growth of the country has led to an increase in job opportunities.

2. Concerned with the efficient use of resources and the cost of production.

Example: The company implemented new economic policies to reduce their expenses.

3. Involving or relating to money and finances.

Example: The economic crisis affected the stock market.

4. Pertaining to the study of the economy and its behavior.

Example: The economic theories of adam smith are still relevant today.

5. Influencing or affected by the overall state of the economy.

Example: The economic downturn caused many businesses to close down.

Examples of the word economic used in sentences.

  • The economic growth in this country is slow.
  • I believe that buying local products is better for the economic development of a region.
  • The government implemented new economic policies to help small businesses survive during the pandemic.
  • Our family can't afford a luxury car because our economic situation is not so good.
  • My friend is studying economic theories in college, and she finds it fascinating.
  • The economic impact of the pandemic has been felt by both small and large businesses alike.
  • The economic crisis has led to many job losses in the city.
  • The local market offers a variety of affordable products for those on a tight economic budget.
  • The economic growth of the region has attracted many foreign investors.
  • The government is implementing new economic policies to improve the country's financial situation.
  • The economic impact of the pandemic has been devastating for small businesses.
  • The company's economic outlook seems positive for the next quarter.
  • The current economic situation has left many people struggling with unemployment.
  • The government's economic policies have boosted the country's GDP.
  • Studying economics can help one understand the complexities of the financial system.
  • Economic growth in the Asian region is largely attributed to its thriving manufacturing industry.
  • The rise of e-commerce has revolutionized the way businesses operate, leading to an economic shift towards digital platforms.
  • The government's decision to increase taxes has resulted in the weakening of the country's economic stability.
  • The European Union is adopting new economic policies to address the challenges brought about by the pandemic.
  • Access to quality education and healthcare are crucial in promoting economic development in developing countries.
  • The economic impact of the pandemic has been felt across all sectors, including healthcare and education.
  • The economic downturn has resulted in numerous layoffs across the country.
  • The government's new economic policies have the potential to drive growth and improve the standard of living.
  • Despite facing several economic challenges, the tourism industry in the region continues to thrive.
  • The economic divide between the rich and the poor has been a cause for concern for many years.
  • "The COVID-19 pandemic has drastically impacted the global economic landscape, causing widespread job loss and market instability."
  • "Many experts predict that a shift towards automation and artificial intelligence in the workplace will have major economic implications for the future of work."
  • "The economic benefits of educating and empowering women are well-documented, yet gender inequality remains a major challenge in many societies."
  • "The long-term economic growth of emerging markets like India and China has been a focal point for international investors in recent years."
  • "Investment in renewable energy sources could have a significant positive impact on both the economy and the environment."
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