Word: Uneconomic
Part of Speech: Adjective
Definition: The word "uneconomic" describes something that wastes resources, such as money, time, or materials. It refers to situations where the costs of doing something are higher than the benefits gained from it.
Usage Instructions:
Use "uneconomic" to describe actions, decisions, or projects that are not financially sensible or that do not provide a good return on investment.
It is often used in discussions about business, economics, or resource management.
Example:
Advanced Usage:
In economics, "uneconomic" can describe scenarios where the total cost of production exceeds the value of the product produced.
It can also refer to government policies or subsidies that do not lead to beneficial outcomes for society.
Word Variants:
Uneconomically (adverb): In a way that wastes resources.
Economy (noun): The system of production and consumption in a region.
Economic (adjective): Relating to the economy; often describes something that is financially beneficial.
Different Meanings:
Synonyms:
Wasteful
Inefficient
Unprofitable
Nonviable
Idioms and Phrasal Verbs:
While there are no specific idioms or phrasal verbs that directly include "uneconomic," you can use phrases like: - "Throwing good money after bad" - This means to continue to spend money on something that is already failing, which is an uneconomic decision. - "Cut your losses" - This means to stop investing in something that is not working out, which is the opposite of making uneconomic choices.
Summary:
"Uneconomic" is an adjective that describes actions or decisions that waste resources and are not financially sensible. It is often used in contexts involving business or economics.