Webeconomical: [adjective] marked by careful, efficient, and prudent use of resources : thrifty.

WebDefine economical. economical synonyms, economical pronunciation, economical translation, English dictionary definition of economical. adj. 1. Designed or functioning to make effective use of money or effort invested: an economical heating system; an economical approach to control of...

Webeconomical definition: 1. not using a lot of fuel, money, etc.: 2. not using a lot of fuel, money, etc.: 3. not using a…. Learn more.

Web06/12/2016 · Synonyms for ECONOMICAL: economizing, frugal, saving, thrifty, prudent, conserving, provident, sparing; Antonyms of ECONOMICAL: wasteful, profligate, spendthrift ...

Web29/06/2022 · Economics is a social science concerned with the production, distribution and consumption of goods and services. It studies how individuals, businesses, governments and nations make choices on ...

WebEconomics is the field of social science that deals with the study of the scarcity of resources. It analyzes factors affecting the production, distribution, and consumption of goods and services in an economy. It examines the allocation of scarce resources by individuals, businesses, and governments. Besides, it investigates the reasons behind ...

Web28/11/2022 · Modern Definition of Economics. The modern definition, attributed to the 20 th -century economist, Paul Samuelson, builds upon the definitions of the past and defines the subject as a social science. According to Samuelson, “Economics is the study of how people and society choose, with or without the use of money, to employ scarce …

WebOur online definition dictionary will help you to locate definitions for many tricky words. This page contains information such as what does economical mean. If you're trying to describe economical - our website is a great source of information.

Web17/02/2020 · Economic ‘s definition states the word is “of or relating to the science of economics or the economy,” or of personal finances, as well. It can be used in a variety of ways, some already familiar to you. There can be an economic boom, or economic development. A human’s need for community is a noneconomic want.

WebEconomic systems refer to the framework the nation and its people follow to manage economic processes. It determines how activities like production, distribution, and resource allocations happen in a geographical area. The main types observed worldwide are – traditional, command, mixed, and market economies. Identifying the system followed by ...