economic

USAGE SUMMARY

The phrase "economic" is correct and usable in written English.
It can be used when referring to matters related to the economy, financial systems, or the production and consumption of goods and services. Example: "The economic impact of the pandemic has been felt across various sectors."

✓ Grammatically correct

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Because Republicans are trying, for the third time since he took office, to use economic blackmail to achieve a goal they lack the votes to achieve through the normal legislative process.

The New York Times

I can tell you what recorded history says, I can tell you what the Bible says, but I think that's a dispute amongst theologians and I think it has nothing to do with the gross domestic product or economic growth of the United States.

The New York Times

"Human rights are not only violated by terrorism, repression or assassination, but also by unfair economic structures that creates huge inequalities," he said at the time.

The Guardian

Officials from Greece have been locked in talks with creditors over the weekend in an attempt to agree a package of economic reforms.

The Guardian - Business

"If you want to stop Ed Miliband and the SNP from getting into power and wrecking our economy... and if you want me back on work on Friday working through our long-term economic plan as your prime minister then it is vital that you vote Conservative," Cameron said.

The Guardian

Subsequently, Karimov tightened controls over political and economic life.

The Guardian

Turning to English, she added: "United and determined, we can defend our European economic and social model in the world.

The Guardian

"So the real challenge for us as we debate our role in the EU is working out what we should be pushing forward, what we should be leading on within the EU, to make it – and us – a more effective economic and global power".

The Guardian

Thanks to energy exports, Kazakhstan is central Asia's most prosperous state, with annual economic growth averaging about 10% for much of the first decade of the new millennium.

The Guardian

"Your comprehensive win... was demonstrably a true indication of the trust, confidence and support the Australian constituents have in your leadership qualities and, more importantly, the political, social and economic policies of the Liberal party," O'Neill said.

The Guardian

Ms. Coronado estimated that this Summers effect would reduce domestic economic growth by 0.5 to 0.75 percentage point over the next two years, which could reduce job creation by 350,000 to 500,000 jobs.

The New York Times

Expert writing Tips

Best practice

When describing broad systems or trends, use "economic". For specific financial aspects, consider alternatives like "financial" or "fiscal".

Common error

Avoid using "economic" as a catch-all term. Instead, choose words like "financial", "fiscal", or "monetary" when referring specifically to money, budgets, or government finances. Using a more precise term enhances clarity and accuracy.

Linguistic Context

The adjective "economic" primarily functions to describe nouns, indicating a relationship to the economy, financial systems, or resource management. Examples from Ludwig show its use in contexts like "economic growth", "economic reforms", and "economic impact", aligning with Ludwig AI's assessment of its correctness.

Expression frequency: Very common

Frequent in

News & Media

75%

Formal & Business

15%

Science

5%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

The adjective "economic" is widely used to describe anything related to the economy or financial matters. Ludwig confirms its grammatical correctness and very common usage across various contexts. When writing, be sure to use "economic" to describe something related to economy but if you want to be more specific you can chose "financial", "fiscal" or "monetary" based on context. According to Ludwig, the most frequent source using this word is News & Media.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

financial

Focuses specifically on monetary aspects, whereas "economic" encompasses a broader range of activities.

fiscal

Relates to government revenue, taxation, and public debt, narrowing the scope from general economic activity.

monetary

Pertains to money, currency, and finance, offering a more specific focus than "economic".

market-related

Connects directly to market dynamics and conditions, emphasizing the exchange of goods and services.

business-related

Links to commercial activities and enterprises, highlighting the practical aspects of economic operations.

trade

Specifically addresses exchange of goods and services, locally or internationally.

budgetary

Concerns the allocation of resources within a defined financial plan.

commercial

Relates to activities aimed at profit, emphasizing trade and business.

productive

Describes the capacity to generate goods or services, indicating a focus on output.

prosperity

Focuses on the state of flourishing or success, usually in financial terms.

FAQs

How do I use "economic" in a sentence?

"Economic" is typically used as an adjective to describe something related to the economy or financial matters. For example: "The "economic growth" of the country is promising" or "They discussed the "economic impact" of the new policy."

What are some alternatives to the word "economic"?

Depending on the context, you can use alternatives such as "financial", "fiscal", "monetary", or "commercial" to convey a similar meaning.

Which is correct, "economic impact" or "economical impact"?

"Economic impact" is the correct term when referring to the effect on the economy. "Economical" means cost-effective or thrifty. For example, an economical car is fuel-efficient.

What's the difference between "economic" and "economical"?

"Economic" relates to the economy, while "economical" means efficient or thrifty. An "economic" policy affects the economy, while an "economical" choice saves money.