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.

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