e*con`o*met"rics(*kn`*mt"rks), n. the application of mathematics and statistics to the study of economic and financial data.
E`co*nom"ic*al(?), } a. [F. conomique, L. oeconomicus orderly, methodical, Gr. economical. See Economy.] 1. Pertaining to the household; domestic. "In this economical misfortune [of ill-assorted matrimony.]" Milton.
2. Relating to domestic economy, or to the management of household affairs.
And doth employ her economic artSir J. Davies.
And busy care, her household to preserve.
3. Managing with frugality; guarding against waste or unnecessary expense; careful and frugal in management and in expenditure; -- said of character or habits.
Just rich enough, with economic care,Harte.
To save a pittance.
4. Managed with frugality; not marked with waste or extravagance; using the minimum of time or effort or resources required for effectiveness; frugal; -- said of acts; saving; as, an
economical use of money or of time; an
economic use of home heating oil. [wns=3]
[1913 Webster + WordNet 1.5]
5. of or pertaining to the national or regional economy; relating to political economy; relating to the means of living, or the resources and wealth of a country; relating to the production or consumption of goods and services of a nation or region; as,
economical truths; an
These matters economical and political.J. C. Shairp.
There was no economical distress in England to prompt the enterprises of colonization.Palfrey.
Economic questions, such as money, usury, taxes, lands, and the employment of the people.H. C. Baird.
6. Regulative; relating to the adaptation of means to an end.
7. of or pertaining to economics.
8. profitable. Opposite of
[WordNet 1.5 +PJC]
9. avoiding waste; as, an
economical meal. Opposite of
Syn. -- frugal, scotch, sparing, stinting, thrifty.
Economical is the usual form when meaning frugal, saving; economic is the form commonly used when meaning pertaining to the management of a household, or of public affairs.
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