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adjective British English pronunciation: economic /ˌiːkəˈnɒmɪk/ British English pronunciation: economic /ˌekəˈnɒmɪk/
  1. 1
    [usually before noun] relating to the economy of a particular country or region

    Economic growth is slowing down.

    factors that hinder economic development

    1. a.
      relating to business, industry, and trade

      an attack on the government's economic policies

      New opportunities will emerge as the economic climate improves.

    2. b.
      relating to money

      Such projects offer social and economic benefits to our local communities.

  2. 2
    not costing or spending much money

    We must assist our clients in the most economic way.

  3. 3
    making satisfactory profit from business activities

    We are going to have to make some cutbacks in order to continue to be economic.

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