Economic
Example: The economic situation affects business decisions worldwide
Definition
"Economic" relates to the production, distribution, and consumption of goods and services, especially concerning wealth, resources, and financial matters. The term "economic" is often used to describe activities or conditions affecting the economy or financial well-being.
Etymology
The word "economic" originates from the Greek word 'oikonomikos,' meaning 'skilled in household management,' derived from 'oikos' (house) and 'nomos' (law or custom). It evolved through Latin and French before entering English, reflecting its ties to managing resources efficiently.
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"Economic" appears in the Vocaplus list "English - General - (A2) - set 2", containing 116 commonly used words.
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