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Economically - Meaning, Definition & English Examples

Economically means relating to the production, distribution, and consumption of goods and services. It can also describe doing something in a cost-effective or efficient manner, without wasting resources.

economically

/ˌɛkəˈnɑmɪkli/ /ˌiːkəˈnɒmɪkli/

Definition:

In a way that relates to economics or efficient use of resources.

Synonyms:

frugally, thriftily, efficiently, cost-effectively

Part of Speech:

adverb

Antonyms:

wastefully, extravagantly

Common Collocations:

economically viable, economically efficient, economically disadvantaged, economically sustainable

Derivatives:

economic, economics, economist

Usage Tips:

Use "economically" to describe actions or systems that save money or resources efficiently.

Common Phrases:

economically speaking, economically viable, economically depressed

Etymology:

Derived from Greek "oikonomia" (household management), via Latin "oeconomicus."

Examples:

  • 1. The new policy is economically beneficial for small businesses.
  • 2. She manages her budget economically to save for the future.
  • 3. The country is growing economically despite global challenges.
  • 4. This car runs more economically than older models.

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