Economic - Definition

adj 1: of or relating to an economy, the system of production
and management of material wealth; "economic growth";
"aspects of social, political, and economical life" [syn:
economic, economical]
2: of or relating to the science of economics; "economic theory"
3: using the minimum of time or resources necessary for
effectiveness; "an economic use of home heating oil"; "a
modern economical heating system"; "an economical use of her
time" [syn: economic, economical]
4: concerned with worldly necessities of life (especially
money); "he wrote the book primarily for economic reasons";
"gave up the large house for economic reasons"; "in economic
terms they are very privileged"
5: financially rewarding; "it was no longer economic to keep the
factory open"; "have to keep prices high enough to make it
economic to continue the service"