economic, economical Definition

1. Relating to or concerned with economy or economics.

Thesaurus: financial, fiscal, budgetary.
2. Relating to industry or business.
3. Said of a business practice or industry, etc: operated at, or likely to bring, a profit.

Thesaurus: cost-effective, budget-conscious, profitable; Antonym: expensive.
4. Economical.
5. colloq
Cheap; not expensive.
Thesaurus: cheap, low-priced, reasonable.

○ Although there is some overlap in meaning, economic is more closely associated with economics, and economical has a less specific sense related to the general sense of economy &wbox; &wbox;