economically
economically (adv)
English Definitions:
economically (adverb)
with respect to economic science
"economically this proposal makes no sense"
economically (adverb)
in an economical manner
economically (adverb)
with respect to the economic system
"economically the country is worse off"
economically (Adverb)
In an economical manner; not wastefully; not extravagantly; prudently.
economically (Adverb)
From the perspective of economics or an economy.
economically (Adverb)
According to divine economy.
economically
Economics () is the social science that studies the production, distribution, and consumption of goods and services.Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and behavioural economics; and between mainstream economics and heterodox economics.Economic analysis can be applied throughout society, including business, finance, cybersecurity, health care, engineering and government. It is also applied to such diverse subjects as crime, education, the family, feminism, law, philosophy, politics, religion, social institutions, war, science, and the environment.
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"economically." Kamus.net. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.kamus.net/english/economically>.
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