Basic Details
Word: Economic
Part of Speech: Adjective
Meaning: To do with money, trade and industry, or with how a country produces and uses its wealth.
Synonyms: financial, commercial, fiscal
How to Spell Economic
Syllables: e - co - nom - ic
Tricky part: A single c after the first e, one n, and an o in the middle: e-co-nom-ic. Writing an a for that o, as in econamic, is the usual slip. Do not confuse it with economical, which means using money, fuel or time carefully.
Watch out for: econamic, ecconomic, economick
Memory tip: If you can spell economy, swap its y for ic: econom-y becomes econom-ic.
Usage Examples
Example 1: The country faced an economic crisis after two years of drought.
Example 2: Tourism brings economic growth to small hill towns.
Example 3: Our class studied the economic history of the Silk Road.
Fun Fact
The word economy first meant running a household: in ancient Greek, the oikonomos was the person who managed a home and its stores.
Practise the CREST Way
Word Connection
Choose the synonym of the word economic as used in the sentence:
The new cement factory brought economic benefits to the whole district.
a) natural
b) political
c) musical
d) financial
Show answer
d) financial. Economic benefits are gains in money, jobs and trade, which makes them financial.
Spell-o-Spell
Three words in the list are spelt correctly. Choose the meaning of the misspelt word.
1. econamic 2. budget 3. inflation 4. revenue
a) a plan for how money will be spent
b) to do with trade, industry and money
c) money that a government or company earns
d) a general rise in prices over time
Show answer
b) to do with trade, industry and money. The middle of economic is nom with an o, as in economy; the other three are spelt correctly.
Mingle-Mangle
Unscramble the jumbled word in the sentence and choose the correct word:
The government's new mcceonoi policy aims to create more jobs in villages.
a) economic
b) economist
c) economics
d) ecumenical
Show answer
a) economic. The jumble has eight letters, two of them c, and no s or t, so it cannot be economics or economist.
Multiple Choice Questions
1. A small car that uses very little petrol is ____.
a) economical
b) economic
c) economics
d) economy
Show answer
a) economical
2. Economic growth means a country ____.
a) gains more land
b) produces and earns more
c) plants more trees
d) grows taller crops
Show answer
b) produces and earns more
