economic
Part of speech: adj
Morphological type: derivation
Etymology: The noun is derived from Middle English economike, iconomique (“household management”), and then:
* from Middle French iconomique, oeconomique, and Old French iconomike (“(noun) household management; person in charge of household management; (adjective) relating to household management; relating to domestic or family matters; relating to management of a state; reducing costs or expenses, economical”) (modern French économique); and
* from their etymon Latin oeconomicus (“(noun) household manager, housekeeper, steward; (adjective) relating to orderly arrangement of written material”) (whence Late Latin economicus (“relating to (management of) a household”)), and economica (“household management”), both from Ancient Greek οἰκονομῐκός (oikonomĭkós, “skilled in household management; frugal, thrifty, economical”) (whence Koine Greek οἰκονομῐκός (oikonomĭkós, “relating to orderly arrangement of written material”));
from οἰκονόμος (oikonómos, “master of a house; household manager, steward; administrator, manager”) + -ῐκός (-ĭkós, suffix meaning ‘of or relating to’ forming adjectives). Οἰκονόμος (Oikonómos) is derived from οἶκος (oîkos, “dwelling place, house; estate”) (ultimately from Proto-Indo-European *weyḱ- (“(verb) to enter in; to settle; (noun) settlement”)) + νόμος (nómos, “law, ordinance”) (from νέμω (némō, “to distribute; to possess”) (ultimately from Proto-Indo-European *nem- (“to distribute; to give; to take”)) + -ος (-os, suffix forming o-grade action nouns from verbs)).
Noun sense 2.2 (“one who manages the income of a vacant benefice”) is from Italian economo, from Late Latin oeconomus (“housekeeper, steward; administrator, especially of a religious foundation”), from Ancient Greek οἰκονόμος (oikonómos, “master of a house; household manager, steward; administrator, manager”): see above.
The adjective is derived from the noun; compare the adjective senses in Middle and Old French, Latin, and Ancient Greek.
By surface analysis, economy + -ic.
Inflected forms:
form: more economic
pos: adj
tags: comparative
form: most economic
pos: adj
tags: superlative
form: economick
pos: adj
tags: alternative
form: œconomic
pos: adj
tags: alternative
form: œconomick
pos: adj
tags: alternative
Senses:
gloss: Pertaining to an economy.
pos: adj
examples: 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.
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.
gloss: Frugal; cheap (in the sense of representing good value); economical.
pos: adj
gloss: Pertaining to the study of money and its movement.
pos: adj
gloss: Pertaining to the management of a household
pos: adj
tags: obsolete
examples: And doth employ her Oeconomick Art, and buisy Care, her Houshold to preserve
Related words: economise
economize
Derived words: agro-economic
agroeconomic
antieconomic
bioeconomic
clinicoeconomic
countereconomic
economical
economic blockade
economic capital
economic corridor
economic crisis
economic determinism
economic emigrant
economic equilibrium
economic freedom
economic growth
economic human
economic immigrant
economic indicator
economic liberal
economic liberalism
economic life
economic man
economic migrant
economic moat
economic mobility
economic nationalism
economicology
economic output
economic plunder
economic rationalism
economic refugee
economic rent
economics
economic scenario generator
economic science
economic substance
economic terrorism
economic warfare
exclusive economic zone
genoeconomic
geoeconomic
hydroeconomic
macro-economic
macroeconomic
medicoeconomic
mesoeconomic
microeconomic
mixed economic
nanoeconomic
neuroeconomic
noneconomic
non-economic
pharmacoeconomic
political-economic
politicoeconomic
politico-economic
pseudoeconomic
psychoeconomic
quasieconomic
sexuo-economic
socio-economic
socio-political-economic
special economic zone
subeconomic
technoeconomic
techonomic
thermoeconomic
uneconomic
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