Economically
/ˌiːkəˈnɒmɪkli/
Definitions
2 meaningsIn a way that relates to economics, or in a way that avoids waste of resources.
/ˌiːkəˈnɒmɪkli/
In a way that relates to economics or finance.
The company is expanding economically by outsourcing some of its operations.
💡 Simply: Imagine you're planning a party. To do it *economically*, you'd buy the food on sale, borrow decorations from friends, and try to spend as little money as possible. It means doing things in a way that saves money or resources!
👶 For kids: Doing something in a way that saves money or resources, like buying the cheapest toy that still works!
More Examples
We need to invest economically to ensure future growth.
They are developing the project economically.
How It's Used
"The company is growing economically."
"The country is economically stable."
In a way that uses resources efficiently or avoids waste.
/ˌiːkəˈnɒmɪkli/
In a way that is not wasteful of resources.
The company designed their product economically to reduce waste.
💡 Simply: If you only use the exact amount of paint you need for a project, and don’t waste any, you’re using it *economically*. It means being smart about how you use stuff.
👶 For kids: Using things in a smart way so you don't waste anything!
More Examples
The new factory operates economically, reducing its carbon footprint.
The project was run economically with a focus on sustainability.
How It's Used
"The new design is economically efficient."
"The project utilizes resources economically."
From Late Middle English *economie* (management of a household) + -ical (forming adjectives) + -ly (forming adverbs). Ultimately from Greek *oikonomikos* (of or for household management).
Historically, 'economically' has been used in contexts ranging from managing household resources to analyzing national economies.
Memory tip
Think of "economy" - it's all about managing resources efficiently. Therefore, 'economically' means in a cost-effective or financially prudent way.
Practice
Word Origin
Root: oikonomikos