economically
B2Pronunciation
UK
- /ˌiːkənˈɒmɪkli/
US
- /ˌɛkəˈnɑmɪkli/
- /ˌikəˈnɑmɪkli/
Description
- financially
- in relation to money and trade
- efficiently
- without waste
- cost-effectively
"Economically" describes how something happens in relation to money, resources, or the wider economy. It can also mean doing something in a way that saves time, fuel, effort, or materials. It does not simply mean "cheap," but it often suggests using what you have in a smart way. For instance, a family might live economically by following a careful budget, and a country might grow economically when business and trade are doing well. You can also use it for everyday actions, like driving economically to use less gas. In short, the word often connects ideas of money, efficiency, and avoiding waste.
The word "economically" is the adverb form of "economic" or "economical," depending on the context. It can describe something connected to the economy, money, trade, and financial conditions, or it can describe doing something in a way that uses resources carefully and avoids waste. While some people connect it only with being "cheap," the meaning is broader and often more practical.
"Economically" often describes a state or condition. For example, a region may be economically depressed if there are few jobs and little growth. It can also describe an action or choice. A farmer might grow crops economically by using methods that reduce waste and keep costs low. In business, people often say that a plan is economically viable, meaning it makes financial sense and can succeed without losing money.
The word can also be used in a broader sense of efficiency. An author who writes economically uses few words but still says a lot. On a larger scale, the word appears in discussions about society, such as how resources are distributed or whether a policy helps people economically. So whether you are talking about a household budget, a business plan, fuel use, or a country's growth, "economically" points to money, resources, and the careful use of what is available.
Examples
- 1
Resource use
We need to use water more economically during the summer.
- 2
Fuel costs
This car runs economically, so fuel costs stay low.
- 3
Local economy
After the factory closed, the town suffered economically.
- 4
International ties
The two countries are closely linked economically.
- 5
Policy judgment
The plan sounds good politically, but not economically.
Forms and spellings
1 form open this card.
Main spelling
- economicallyadverb