econometrics

e*con`o*met"rics

(*kn`*mt"rks), n. the application of mathematics and statistics to the study of economic and financial data.
[WordNet 1.5]

{

E`co*nom"ic

(?; 277),

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.
[1913 Webster]

2. Relating to domestic economy, or to the management of household affairs.
[1913 Webster]

And doth employ her economic art
And busy care, her household to preserve.
Sir J. Davies.
[1913 Webster]

3. Managing with frugality; guarding against waste or unnecessary expense; careful and frugal in management and in expenditure; -- said of character or habits.
[1913 Webster]

Just rich enough, with economic care,
To save a pittance.
Harte.
[1913 Webster]

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, economic growth; economic purposes; economical truths; an economic downturn.
[1913 Webster]

These matters economical and political.
J. C. Shairp.
[1913 Webster]

There was no economical distress in England to prompt the enterprises of colonization.
Palfrey.
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Economic questions, such as money, usury, taxes, lands, and the employment of the people.
H. C. Baird.
[1913 Webster]

6. Regulative; relating to the adaptation of means to an end. Grew.
[1913 Webster]

7. of or pertaining to economics. economic theory
[WordNet 1.5]

8. profitable. Opposite of uneconomic. [wns=4]
[WordNet 1.5 +PJC]

9. avoiding waste; as, an economical meal. Opposite of wasteful.
Syn. -- frugal, scotch, sparing, stinting, thrifty.
[WordNet 1.5]

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.
[1913 Webster]

 

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Thu 13th December 2018