Relating to the production, consumption, and transfer of wealth or 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:
This word has no antonyms
Economical
/iːkəˈnɒmɪk(ə)l/
Costing or using less money; avoiding 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:
Remember that economic is related to economics as a field or the economy as a system.
Economical refers to something being efficient or prudent with resources.
Use economic when discussing large-scale financial systems or theories.
Choose economical when talking about saving money or resources.
Economic often precedes words like growth, policy, or crisis, while economical often describes behavior or products.