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economic

Valid in Scrabble

Scrabble points
14
Words With Friends
18
Letters
8
Pronunciation
/ˌiːkəˈnɒmɪk/
See all 8 pronunciations
/ˌiːkəˈnɒmɪk/ · /ˌɛ-/ · /ˌɛkəˈnɑmɪk/ · /ˌi-/ · /ˌikəˈnɑmɪk/ · /ˌiːkəˈnɔmɪk/ · /ˌe-/ · /ˌiːkɔˈnɒmɪk/

Definition of economic

7 senses · 2 parts of speech · etymology included

adj

  1. Pertaining to an economy.
    “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 (GDP), 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.”
See all 7 definitions

adj

  1. Pertaining to an economy.
    “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 (GDP), 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.”
  2. Frugal; cheap (in the sense of representing good value); economical.
  3. Pertaining to the study of money and its movement.
  4. (obsolete)Pertaining to the management of a household
    “And doth employ her Oeconomick Art, and buisy Care, her Houshold to preserve”

noun

  1. (obsolete, uncountable)The art or science of household management, especially relating to the appropriate organization of resources; housekeeping.
  2. (countable, obsolete, rare, uncountable)One who is skilled in household management.
  3. (countable, historical, obsolete, uncountable)One who manages the income of a vacant benefice.

Definitions from Wiktionary, CC BY-SA.

Etymology

The noun is derived from Middle English economike, iconomique (“household management”), and then: * from Middle French iconomique, oeconomique, and Old French iconomike (“(noun) household management; person in charge of…

See full etymology

The noun is derived from Middle English economike, iconomique (“household management”), and then: * from Middle French iconomique, oeconomique, and Old French iconomike (“(noun) household management; person in charge of household management; (adjective) relating to household management; relating to domestic or family matters; relating to management of a state; reducing costs or expenses, economical”) (modern French économique); and * from their etymon Latin oeconomicus (“(noun) household manager, housekeeper, steward; (adjective) relating to orderly arrangement of written material”) (whence Late Latin economicus (“relating to (management of) a household”)), and economica (“household management”), both from Ancient Greek οἰκονομῐκός (oikonomĭkós, “skilled in household management; frugal, thrifty, economical”) (whence Koine Greek οἰκονομῐκός (oikonomĭkós, “relating to orderly arrangement of written material”)); from οἰκονόμος (oikonómos, “master of a house; household manager, steward; administrator, manager”) + -ῐκός (-ĭkós, suffix meaning ‘of or relating to’ forming adjectives). Οἰκονόμος (Oikonómos) is derived from οἶκος (oîkos, “dwelling place, house; estate”) (ultimately from Proto-Indo-European *weyḱ- (“(verb) to enter in; to settle; (noun) settlement”)) + νόμος (nómos, “law, ordinance”) (from νέμω (némō, “to distribute; to possess”) (ultimately from Proto-Indo-European *nem- (“to distribute; to give; to take”)) + -ος (-os, suffix forming o-grade action nouns from verbs)). Noun sense 2.2 (“one who manages the income of a vacant benefice”) is from Italian economo, from Late Latin oeconomus (“housekeeper, steward; administrator, especially of a religious foundation”), from Ancient Greek οἰκονόμος (oikonómos, “master of a house; household manager, steward; administrator, manager”): see above. The adjective is derived from the noun; compare the adjective senses in Middle and Old French, Latin, and Ancient Greek. By surface analysis, economy + -ic.

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