1 [only before noun]PE
relating to trade, industry, and the management of money [↪ economy]:
Economic growth is slow.
the government's economic policy
Economic reform is needed.
In the current economic climate (=conditions), we must keep costs down.
an economic process, activity etc produces enough profit for it to continue [= profitable; ≠ uneconomic]:
It is no longer economic to run the service.
! Do not confuse with economical (=cheap or not wasteful).