Economically viable

USAGE SUMMARY

The phrase "Economically viable" is correct and usable in written English.
It can be used to describe a project, business, or idea that is financially sustainable and capable of generating profit or being maintained without incurring losses. Example: "The new renewable energy initiative is not only environmentally friendly but also economically viable, ensuring long-term benefits for the community."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Economically viable  .

Environmental Sciences Europe

"But that's not economically viable.

The New York Times

Staying, he said in an interview, was "not economically viable".

The New York Times

That, he said, is "not making refinancing economically viable".

The New York Times

Was the humble noodle bar of his dreams economically viable?

The New York Times

The countryside might thus once again become economically viable.

The Economist

Not that the trip was yet economically viable.

Independent

That makes it somehow conceivable that it could be economically viable for the healthcare system".

The Guardian

Yet Israel also must recognize that such a state needs to be politically and economically viable.

The New York Times

"I didn't expect it to be economically viable," Ms. Crane said.

The New York Times

The project remains economically viable at the higher figure, he said.

The New York Times

Expert writing Tips

Best practice

When discussing long-term projects or business ventures, use "economically viable" to assure stakeholders of the financial sustainability and potential for return on investment.

Common error

Avoid solely focusing on immediate profitability when assessing if something is "economically viable". Consider long-term sustainability, potential risks, and market fluctuations to ensure a comprehensive evaluation.

Linguistic Context

The phrase "economically viable" functions as an adjective phrase, modifying nouns to describe their financial sustainability or feasibility. It indicates that something is capable of generating enough revenue to cover its costs and potentially produce a profit. As Ludwig AI confirms, it's a widely used and accepted expression.

Expression frequency: Very common

Frequent in

News & Media

63%

Science

26%

Formal & Business

11%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

In summary, the phrase "economically viable" is a grammatically sound and frequently used adjective phrase that describes something as financially sustainable and profitable. Ludwig AI's analysis confirms its correctness and broad applicability. It is most often seen in News & Media, and Science publications. When writing, focus on the long-term implications and sustainability of any project you are assessing as "economically viable". Alternative phrases like "financially sustainable" or "profitable" can be used for variety.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Financially sustainable

Focuses on the long-term financial endurance and stability.

Profitable

Highlights the ability to generate a financial gain.

Commercially feasible

Emphasizes the practicality and potential for success in the market.

Revenue-generating

Specifically points to the ability to produce income.

Self-financing

Implies the ability to cover costs without external support.

Cost-effective

Indicates a good balance between cost and benefit.

Viable from a business perspective

Highlights the appropriateness of the idea/business in terms of economical factors.

Marketable

Suggests that something has appeal in the current market and the potential to make money.

Sustainable economically

Focuses on the ability to maintain financial health over time.

Capable of generating profit

Highlights the ability to obtain a profit and creating wealth.

FAQs

What does "economically viable" mean?

"Economically viable" means something is financially sustainable and capable of generating profit or being maintained without incurring losses. It implies that a project, business, or idea is realistic and feasible from a financial standpoint.

How can I use "economically viable" in a sentence?

You might say: "The new renewable energy initiative is not only environmentally friendly but also "economically viable", ensuring long-term benefits for the community" or "The business plan outlines how the venture will become "economically viable" within three years".

What can I say instead of "economically viable"?

You can use alternatives like "financially sustainable", "profitable", or "commercially feasible" depending on the context.

What factors determine if something is "economically viable"?

Factors include potential revenue, costs, market demand, competition, regulatory environment, and access to resources. A thorough business plan or feasibility study typically assesses these factors to determine economic viability.