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.
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.