economically viable

USAGE SUMMARY

'economically viable' is a correct and usable phrase in written English.
It means something is feasible, or capable of bringing a positive outcome in terms of money, resources, or time. For example: "The proposed project is economically viable and would offer an excellent return on investment."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

"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

They just make it harder to create an economically viable project.

The New York Times

Expert writing Tips

Best practice

When discussing long-term projects or strategies, use "economically viable" to indicate that the project is not only profitable in the short term but also sustainable over a longer period.

Common error

Be careful not to confuse "economically viable" with terms like "environmentally viable". While a project may be economically sound, it might not be environmentally sustainable. Ensure your language accurately reflects the specific aspect of viability you're addressing.

Linguistic Context

The phrase "economically viable" functions as an adjective phrase, modifying a noun to describe its financial sustainability or potential for profitability. Ludwig AI confirms that it is correct and usable in written English.

Expression frequency: Very common

Frequent in

News & Media

52%

Science

24%

Formal & Business

24%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "economically viable" is a commonly used and grammatically correct adjective phrase that describes something capable of being profitable or sustainable from a financial perspective. According to Ludwig, the phrase is fit for use. Its primary function is to modify nouns and convey the financial feasibility of a project, business, or strategy, typically in neutral to professional contexts. While various alternatives exist, such as "financially sustainable" or "cost-effective", "economically viable" provides a balanced and widely understood expression of financial soundness. It is often used in news and media, as well as in scientific and formal business settings.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

financially sustainable

Focuses on long-term financial endurance, implying a broader scope than immediate profitability.

commercially profitable

Highlights the profitability aspect within a business or trade context.

cost-effective

Emphasizes achieving desired results with minimal expenditure.

revenue-generating

Specifically indicates the capacity to produce income.

self-financing

Implies independence from external funding sources.

profitable venture

Refers to a specific project or undertaking that yields financial gains.

business case justified

Signifies that a business proposal has demonstrated sufficient financial merit.

marketable

Suggests that a product or service has potential for successful sales and revenue generation.

gainful

Implies that an activity or employment provides a good income.

remunerative

Focuses on the compensation or reward received for effort or investment.

FAQs

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

You can use "economically viable" to describe projects, businesses, or strategies that are financially sustainable and profitable. For example, "The new business model proved to be "economically viable" within the first year."

What are some alternatives to saying "economically viable"?

Depending on the context, you can use alternatives such as "financially sustainable", "commercially profitable", or "cost-effective".

Is there a difference between "economically viable" and "financially viable"?

While similar, "economically viable" often implies a broader assessment, considering factors beyond just immediate financial returns. "Financially viable" may focus more narrowly on the financial aspects of a project or business.

What makes a project "economically viable"?

A project is considered "economically viable" if it is expected to generate sufficient revenue or cost savings to justify the investment and operational expenses, leading to profitability and long-term sustainability. It needs to be more than just "revenue-generating" it also needs to manage costs effectively.