[ˌɛkəˈnɒmɪk], (Adjective)

Definitions:
- relating to economics or the economy
(e.g: the government's economic policy)

- justified in terms of profitability
(e.g: many organizations must become larger if they are to remain economic)


Phrases:

Origin:
late Middle English: via Old French and Latin from Greek oikonomikos, from oikonomia (see economy). Originally a noun, the word denoted household management or a person skilled in this, hence the early sense of the adjective (late 16th century) ‘relating to household management’. Modern senses date from the early 19th century