{
    "term": "economic",
    "partOfSpeech": "adjective",
    "academic": true,
    "ox3000": true,
    "cefr": "b1",
    "definitions": [
        {
            "senseNumber": 1,
            "definition": "connected with the trade, industry and development of wealth of a country, an area or a society",
            "cefr": "b1",
            "ox3000": true,
            "examples": [
                {
                    "text": "They discussed social, economic and political issues."
                },
                {
                    "text": "**economic growth/development**"
                },
                {
                    "text": "the worst **economic crisis** since the war"
                },
                {
                    "text": "There will be no quick **economic recovery**."
                },
                {
                    "text": "the government’s **economic policy**"
                },
                {
                    "text": "economic activity/cooperation/reform"
                },
                {
                    "text": "an economic downturn/slowdown"
                },
                {
                    "text": "A public spending programme is out of the question in the current economic climate."
                },
                {
                    "text": "Economic growth was fastest in Japan."
                },
                {
                    "text": "She's a lecturer in economic history."
                },
                {
                    "text": "The government's economic policy has been broadly successful."
                },
                {
                    "text": "This book deals with the social, economic and environmental questions of the period."
                },
                {
                    "text": "They discussed competitiveness in global economic markets."
                },
                {
                    "text": "The current economic downturn has affected the city's art scene."
                },
                {
                    "text": "The welfare state is inefficient in purely economic terms."
                }
            ],
            "topics": ["Money"]
        },
        {
            "senseNumber": 2,
            "definition": "producing enough profit to continue",
            "sensetop": "it is economic to do somethingit is economic for somebody/something to do something",
            "cefr": "b2",
            "ox3000": true,
            "examples": [
                {
                    "text": "The college was not achieving the numbers of students needed to make it economic."
                },
                {
                    "text": "They found it was not economic to sell their milk to the supermarkets.",
                    "contextForm": "it is economic to do something"
                },
                {
                    "text": "It's simply not economic for these small farmers to start buying large amounts of expensive fertilizer.",
                    "contextForm": "it is economic for somebody/something to do something"
                },
                {
                    "text": "The business was getting to the stage where it wasn't economic any longer."
                },
                {
                    "text": "Small local shops stop being economic when a supermarket opens up nearby."
                },
                {
                    "text": "These investment projects will become economic in a few years."
                }
            ],
            "synonyms": "profitable"
        }
    ],
    "pronunciations": {
        "uk": [
            {
                "pronunciation": "/ˌiːkəˈnɒmɪk//ˌekəˈnɒmɪk/",
                "audio": "ec/economic/economic__gb_4.mp3"
            }
        ],
        "us": [
            {
                "pronunciation": "/ˌiːkəˈnɑːmɪk//ˌekəˈnɑːmɪk/",
                "audio": "ec/economic/economic__us_2_rr.mp3"
            }
        ]
    },
    "wordOrigin": "late Middle English: via Old French and Latin from Greek oikonomikos, from oikonomia ‘household management’, based on oikos ‘house’ + nemein ‘manage’. Originally a noun, the word denoted household management or a person skilled in this, hence the early sense of the adjective (late 16th cent.) ‘relating to household management’. Modern senses date from the mid 19th cent."
}