Economic for Dummies
adjective
pronunciation: ,ikə'nɑmɪkWhat does Economic really mean?
Hey there! So, let's talk about the word "economic." When we talk about something being economic, we're talking about the way in which resources are used and managed. It's all about how we handle and make the most of things like money, time, and other important resources.
So, when we say something is economic, it means that it is related to the economy and how things are bought, sold, and used. It's about how we work to make sure that we are using our resources wisely and efficiently.
An example of something being economic might be when we talk about a "healthy economic climate." This means that the economy is doing well and people are able to buy and sell the things they need. On the other hand, if we say that something is "not very economic," we mean that it's not working well in terms of resources and the way things are managed.
So, to sum it up, "economic" has to do with how we handle and manage important resources like money and time. It's all about making sure that we are doing things in a way that helps us get the most out of what we have. Hope that helps!
So, when we say something is economic, it means that it is related to the economy and how things are bought, sold, and used. It's about how we work to make sure that we are using our resources wisely and efficiently.
An example of something being economic might be when we talk about a "healthy economic climate." This means that the economy is doing well and people are able to buy and sell the things they need. On the other hand, if we say that something is "not very economic," we mean that it's not working well in terms of resources and the way things are managed.
So, to sum it up, "economic" has to do with how we handle and manage important resources like money and time. It's all about making sure that we are doing things in a way that helps us get the most out of what we have. Hope that helps!
Revised and Fact checked by Michael Johnson on 2023-11-17 02:53:12
Economic In a sentece
Learn how to use Economic inside a sentece
- The economic situation of a country refers to how well it is doing financially, including things like unemployment rates and the availability of jobs.
- When companies lower their prices to attract more customers, it can have a positive economic impact by increasing consumer spending.
- A college education can have a big economic benefit, as individuals with higher levels of education tend to earn more money over their lifetime.
- The government's economic policies can involve things like taxes and spending to try to improve the overall financial health of the country.
- International trade is an important part of the global economy, as countries buy and sell goods with each other to improve their economic position.
Economic Synonyms
Words that can be interchanged for the original word in the same context.
Economic Similar Words
Words that similar to the original word, but are not synonyms.
Economic Pertains To
Words to which the original word is relevant