| economic | Economic means connected with the economy of a country or region: 'The country's economic growth is considered to be too slow.' |
| economical | Economical describes something that is cheaper to use or operate than something similar: 'The house has a very economical heating system.' 'Gas or electricity? Which is more economical?' 'The large size is more economical.' |
| economics | Economics is:
(1) the study of how money is earned, spent and controlled within a country: 'He's now in his second year at Oxford, studying economics.' 'an economics graduate'
(2) the financial aspects of something: 'the economics of dairy farming' |
| economist | An economist is an expert in economics: 'Economists remain undecided about what action should be taken.' |
| economy | Economy means:
(1) the financial and business system that exists in a country, which aims to produce wealth: 'The government's management of the economy has been severely criticized.'
(2) a way of reducing the amount of money that is spent: 'The first economy to be introduced by the new government involved the reduction of fuel consumption.'
(3) (used as a modifier) money-saving: 'Buy the giant economy size and save money!' |
| inexpensive | If something is inexpensive, it costs less than you might expect: 'This excellent but inexpensive hotel can be thoroughly recommended.' 'Denmark is famous for its friendly people and inexpensive accommodation. ' |
| savings | Savings is money saved over a period of time, usually by a person or family: 'I'm paying for the course out of my own savings.' 'She invested her life savings in the new business.' |