Related to the production, consumption, or transfer of wealth and resources.
Examples:
'They tell us that economics cannot change our human nature.She pursued her degree in economic theory with great zeal.Economic policies often influence global market trends significantly.
Synonyms:
Antonyms:
Economical
/iːkəˈnɒmɪk(ə)l/
Using money or resources wisely without waste
Examples:
Switching to LED lights is an economical decision.My car is known for its economical fuel consumption.She lives a very economical lifestyle, saving a lot monthly.
Synonyms:
Antonyms:
Ways to tell them apart:
Economic relates to the economy or a system of production and consumption, think of economists dealing with economic problems.
Economical refers to using resources carefully and not wastefully, it's fitting for descriptions of thriftiness or saving money.
Remember, economic deals with large scale or broad systems while economical is more about personal or direct use and efficiency.