economical - Meaning in Punjabi

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economical - Meaning in Punjabi

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Definitions and Meaning of economical in English

economical adjective

1. using the minimum of time or resources necessary for effectiveness

   Synonyms

   economic

   Examples

   • "a modern economical heating system"
   • "an economic use of home heating oil"
   • "an economical use of her time"
2. avoiding waste

   Synonyms

   frugal, scotch, scotch, sparing, stinting

   Examples

   • "a frugal farmer"
   • "a frugal lunch"
   • "a sparing father and a spending son"
   • "an economical meal"
   • "an economical shopper"
   • "sparing in their use of heat and light"
   • "stinting in bestowing gifts"
   • "thrifty because they remember the great Depression"
   • "`scotch' is used only informally"
3. of or relating to an economy, the system of production and management of material wealth

   Synonyms

   economic

   Examples

   • "aspects of social, political, and economical life"
   • "economic growth"

Description

An economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.

Also see "Economic system" on Wikipedia

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