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economic vs economical

economic

Definitions

adjective

  1. of or relating to the science of economics
  2. of or relating to an economy, the system of production and management of material wealth
  3. using the minimum of time or resources necessary for effectiveness
  4. financially rewarding
  5. concerned with worldly necessities of life (especially money)

Examples

The scale of the economic gulf between the two parties came as two polls yesterday showed that the election remained wide open.

A few billion of that new economic rescue plan will go to weatherize one million homes a year.

There are a lot of so-called "Mathematical Economic Models" in today's market, but none of them presents an inclusive and deterministic system.

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economical

Definitions

adjective

  1. of or relating to an economy, the system of production and management of material wealth
  2. using the minimum of time or resources necessary for effectiveness
  3. avoiding waste

Examples

aspects of social, political, and economical life

Over the years the area has struggled economically but what is happening there at the moment is quite astonishing.

A new educational programme has been set up for economically disadvantaged children.

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