economic

Etymology

From Middle French economique, from Latin oeconomicus, from Ancient Greek οἰκονομικός (oikonomikós, “skilled with household management”).

adj

1. Pertaining to an economy.
   Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too. GDP measures the total value of output in an economic territory. Its apparent simplicity explains why it is scrutinised down to tenths of a percentage point every month. 2013-08-03, “Boundary problems”, in The Economist, volume 408, number 8847
   There is much talk of tyranny in the political realm, but little is said about the tyrannies in the economic realm, a primary one being the tyranny of high costs: high costs crush the economy from within and enslave those attempting to start enterprises or keep their businesses afloat. January 07, 2021, Charles Hugh Smith, The Tyranny Nobody Talks About
2. Frugal; cheap (in the sense of representing good value); economical.
3. Pertaining to the study of money and its movement.
4. (obsolete) Pertaining to the management of a household
   And doth employ her Oeconomick Art, and buisy Care, her Houshold to preserve 1714 [1599], John Davies, edited by Nahum Tate, The Original, Nature, and Immortality of the Soul, 2nd edition, London: Hammond Banks, page 64