economically smart

USAGE SUMMARY

The phrase 'economically smart' is correct and usable in written English.
You can use it to describe an action or decision that is made with economic considerations in mind. For example, "The company decided to move its operations to a new city, which was an economically smart decision."

✓ Grammatically correct

News & Media

Academia

Human-verified examples from authoritative sources

Exact Expressions

16 human-written examples

Beyond that, she said, the Balinese were economically smart.

The New York Times

As the report notes: "Bridging the education gap is the economically smart choice".

The Economist

But a federal climate policy is economically smart for other reasons, as he suggests.

The New York Times

I've done it in a way that is economically smart, because that's what the country needs at the moment".

The Guardian

But if forcing children to live on their own may lead to a bigger bailout later, it may not be economically smart.

The New York Times

The new mayor must persuade the state and federal governments to increase their share of housing costs, and he must convince New York City's business community that an expanded investment in housing is economically smart as well as morally right.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

44 human-written examples

Here's A bet there won't be many 4 percenters and more than a few 2 percenters.

Huffington Post

While many argue that gender equality is the "right" thing to do, it is now clear that equality is also economically the "smart" thing to do.

Harvard Business Review

THE BREAKFAST CLUB: "Ferris Bueller's Day Off" is a wonderful, endlessly watchable fairytale, but this is the John Hughes movie that has pretty much come to define "teen movie". Also, "The Breakfast Club" is a lesson in economically responsible, smart storytelling (one day, one location!).

HuffPost

Even so, Ellison cuts a striking figure, not just as a woman and one so young and lavish, but because of her role as patron saint of the kind of smart, economically risky movies which in 2013 would struggle to exist without her.

The Guardian

New approaches to build a framework to optimise new city quarters or rehabilitate existing urban quarters provide a holistic view to find smart, economically feasible energy systems with social and ecological benefits for the society.

Energy, Sustainability and Society

Expert writing Tips

Best practice

When describing a policy or investment, use "economically smart" to emphasize its potential for generating long-term financial benefits. For instance, "Investing in renewable energy is an "economically smart" move for the future."

Common error

Avoid using "economically smart" to describe decisions that only offer immediate financial benefits without considering long-term economic stability or broader economic impacts. "Economically smart" implies a sustainable and well-considered approach.

Linguistic Context

The phrase "economically smart" functions as an adjective phrase modifying a noun, typically describing a decision, policy, or action. It indicates that the subject is characterized by financial prudence, efficiency, and long-term economic benefit. Ludwig confirms this usage through various examples.

Expression frequency: Common

Frequent in

News & Media

65%

Academia

20%

Formal & Business

5%

Less common in

Science

10%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "economically smart" is a common and grammatically correct phrase used to describe actions or decisions that are financially sound and strategically beneficial, as confirmed by Ludwig. It's frequently found in News & Media and Academic contexts, demonstrating its versatility. While synonyms like "fiscally responsible" or "financially savvy" exist, "economically smart" emphasizes the long-term economic advantages. Remember to use it when referring to sustainable and well-considered approaches, avoiding its application to short-term gains without broader economic consideration.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

economically sound

Stresses the stability and reliability of an economic decision or system.

financially prudent

Focuses on careful and wise management of finances, implying a longer-term perspective.

economically viable

Focuses on the ability of something to sustain itself financially in the long run.

fiscally responsible

Highlights accountability and adherence to sound financial principles, often in a governmental context.

economically efficient

Emphasizes minimizing waste and maximizing output in an economic context.

cost-effective

Emphasizes achieving maximum output with minimal expenditure, focusing on efficiency.

financially savvy

Suggests a deep understanding of financial matters and the ability to make informed decisions.

profitable

Directly indicates the ability to generate financial gain.

budget-conscious

Highlights an awareness and careful management of a budget.

resourceful

Implies clever and inventive use of available resources to achieve economic goals.

FAQs

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

You can use "economically smart" to describe decisions, policies, or strategies that are financially sound and beneficial in the long term. For example, "Investing in education is an "economically smart" choice for a nation's future."

What's the difference between "economically smart" and "financially savvy"?

"Economically smart" generally refers to the soundness of a decision or action from an economic standpoint. "Financially savvy", on the other hand, describes a person who is knowledgeable and skilled in financial matters.

Are there situations where using "economically smart" might not be appropriate?

While generally positive, avoid using "economically smart" if the decision only benefits a small group at the expense of broader societal well-being. This could be perceived as unethical even if it's technically financially sound.

What are some alternatives to using the phrase "economically smart"?

Depending on the context, you could use alternatives such as "cost effective", "fiscally responsible", "financially prudent", or "economically sound".