economically

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economically

The company operates economically to reduce waste.

Definition
  1. Adverb:
    • In a way that relates to the economy or economics: Refers to actions, decisions, or analyses concerning the production, distribution, and consumption of goods and services.
    • In a way that uses money, resources, or time efficiently and without waste: Refers to doing something in a frugal, thrifty, or cost-effective manner.
Usage Examples
  • Relating to the economy:
    • The region is economically depressed. (The region is suffering in terms of its economic condition.)
    • Politicians debated how to grow the nation economically. (They debated how to achieve growth in the economic system.)
  • In a thrifty or efficient manner:
    • She manages the household budget very economically. (She manages the budget in a frugal, cost-effective way.)
    • The car is designed to run economically. (The car is designed to use fuel efficiently.)
Advanced Usage
  • "Economically speaking": Used to introduce a statement from a financial or economic perspective.
    • Economically speaking, the investment is sound. (From an economic point of view, the investment is good.)
  • "Economically viable": Financially practical or capable of working successfully.
    • The project must be economically viable to receive funding. (The project must be financially sustainable.)
Variants and Related Words
  • Economic (adj): Relating to economics or the economy.
    • The government's economic policy.
  • Economical (adj): Giving good value or service in relation to the money or resources used; not wasteful.
    • An economical car. (A fuel-efficient car.)
  • Economics (n): The social science that studies the production, distribution, and consumption of goods and services.
  • Economist (n): An expert in economics.
Synonyms
  • Financially: In terms of finance or money.
  • Thriftily: In a way that uses money and other resources carefully and not wastefully.
  • Efficiently: In a way that achieves maximum productivity with minimum wasted effort or expense.
Antonyms
  • Extravagantly: In a manner that spends much more than necessary.
  • Wastefully: In a way that uses something carelessly or unnecessarily.
Related Phrases
  • Economically disadvantaged: Lacking sufficient financial resources.
    • Programs to assist economically disadvantaged families.
  • Economically active: Participating in the workforce or available for work.
    • The economically active population.
economically

The company operates economically to reduce waste.

Adverb
  1. with respect to the economic system
    • economically the country is worse off
  2. in an economical manner
  3. with respect to economic science
    • economically this proposal makes no sense