economic - Meaning in Tamil

Practice

economic - Meaning in Tamil

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Definitions and Meaning of economic in English

economic adjective

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

   Synonyms

   economical

   Examples

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

   Examples

   • "have to keep prices high enough to make it economic to continue the service"
   • "it was no longer economic to keep the factory open"
3. concerned with worldly necessities of life (especially money)

   Examples

   • "gave up the large house for economic reasons"
   • "he wrote the book primarily for economic reasons"
   • "in economic terms they are very privileged"
4. of or relating to the science of economics

   Example

   • "economic theory"
5. of or relating to an economy, the system of production and management of material wealth

   Synonyms

   economical

   Examples

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

Description

An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone.

Also see "Economy" on Wikipedia

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