economically significant

USAGE SUMMARY

The phrase "economically significant" is correct and usable in written English.
It can be used to describe something that has a substantial impact on the economy or economic factors. Example: "The new policy is expected to have economically significant effects on local businesses and employment rates."

✓ Grammatically correct

News & Media

Encyclopedias

Science

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

It says any economically significant regulation, any regulation that has a significant economic impact, needs to (pass Congress).

Huffington Post

The banking sector is also economically significant.

Encyclopedia Britannica

Few of the announcements are new or economically significant.

The Guardian - Opinion

Military installations, tourism, and pineapples are economically significant.

Encyclopedia Britannica

By themselves, the accords on Colombia, Peru and Panama are not considered economically significant.

The New York Times

("Economically significant" means that either the rule's costs, or its benefits, exceed $100m a year).

The Economist

Only clay, silica sand, and stone are found in economically significant quantities.

Encyclopedia Britannica

Perhaps an economically significant group is volunteering in undeveloped countries, on expenses only.

Independent

Another economically significant minority is the several tens of thousands of Arabs, mainly of Yemenite origin.

Encyclopedia Britannica

Head cabbage is one of the most economically significant forms of the plant.

Encyclopedia Britannica

"It's wrong to say the floods are not economically significant, because they are," said Steven Barrow of Bear ,Stearns.

The New York Times

Expert writing Tips

Best practice

When using "economically significant", quantify the impact whenever possible. For example, instead of saying "the policy is economically significant", specify "the policy is economically significant, potentially adding 2% to the GDP".

Common error

Avoid using "economically significant" when you actually mean statistically significant. Just because a result is statistically significant in research doesn't automatically make it economically important. Economic significance implies a real-world impact on economic outcomes.

Linguistic Context

The phrase "economically significant" primarily functions as an adjective phrase modifying a noun. It indicates that the noun it modifies has a notable or substantial impact on the economy. Ludwig AI confirms this usage through numerous examples where the phrase describes regulations, sectors, or events.

Expression frequency: Very common

Frequent in

Science

39%

News & Media

31%

Encyclopedias

17%

Less common in

Wiki

4%

Formal & Business

4%

Reference

0%

Ludwig's WRAP-UP

The phrase "economically significant" is a versatile adjective phrase used to describe something with a noteworthy impact on the economy. Ludwig AI identifies it as grammatically correct and highly prevalent, appearing across diverse sources, including scientific journals, news outlets, and encyclopedias. While the phrase is generally neutral in tone, it lends itself well to formal and professional contexts. When using "economically significant", aim to quantify the impact or provide context for the significance. Remember that economic significance differs from statistical significance, focusing instead on tangible economic effects. Alternatives include "financially meaningful" and "commercially important", depending on the specific nuance you wish to convey.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

financially meaningful

This alternative focuses on the financial aspect, highlighting the importance of something in terms of money or assets instead of broader economics.

monetarily consequential

This emphasizes the monetary results or effects, stressing that something has substantial financial ramifications.

economically vital

This suggests a more critical importance for the economy's survival or proper functioning, rather than just significance.

commercially important

Focuses on the importance to trade and business, which is a narrower scope than general economic significance.

economically substantial

This highlights the large size or amount of economic impact, which is more about quantity than general relevance.

of economic consequence

Focuses on the results or effects on the economy, stressing that something has important economic ramifications.

having a major economic effect

This alternative specifically highlights the idea of causing a substantial change in the economy.

with significant economic ramifications

This emphasizes the widespread and complex consequences that something may have on the economy.

with considerable economic weight

Focuses on influence or importance relative to other factors, adding a sense of scale.

bearing significant economic relevance

This underscores that the relevance of something to the economy is considerable and worth noting.

FAQs

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

You can use "economically significant" to describe anything that has a notable impact on the economy. For example, "The new trade agreement is expected to have "economically significant" effects on the manufacturing sector."

What are some alternatives to saying "economically significant"?

Depending on the context, you could use phrases like "financially meaningful", "commercially important", or "economically vital" to convey a similar meaning.

Is it correct to say something is both statistically significant and "economically significant"?

Yes, it is possible for something to be both statistically and "economically significant". However, statistical significance only means the result is unlikely due to chance, while economic significance implies a substantial impact on the economy.

What's the difference between "economically significant" and "economically substantial"?

"Economically significant" indicates that something is important or noteworthy in an economic context. "Economically substantial" implies that something is large in amount or degree, having a significant size or impact on the economy.