economical vs economic
Definitions
adjective
- of or relating to an economy, the system of production and management of material wealth
- using the minimum of time or resources necessary for effectiveness
- 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.
Definitions
adjective
- of or relating to the science of economics
- of or relating to an economy, the system of production and management of material wealth
- using the minimum of time or resources necessary for effectiveness
- financially rewarding
- 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.
