Economic vs Product - What's the difference?
economic | product |
Pertaining to an economy.
* {{quote-magazine, date=2013-08-03, volume=408, issue=8847, magazine=(The Economist)
, title= Frugal; cheap (in the sense of representing good value) ; economical.
Pertaining to the study of money and its movement.
' Economical is preferred when referring to thrift or value for money. A commodity offered for sale.
Any preparation to be applied to the hair, skin, nails, etc.
Anything that is produced; a result.
* (John Milton) (1608-1674)
* (Edmund Burke) (1729-1797)
*{{quote-magazine, date=2014-06-21, volume=411, issue=8892, magazine=(The Economist)
, title=[http://www.economist.com/news/books-and-arts/21604535-real-sir-isaac-newton-was-not-first-king-reason-last Magician’s brain]
, passage=The truth is that [Isaac] Newton was very much a product of his time. The colossus of science was not the first king of reason, Keynes wrote after reading Newton’s unpublished manuscripts. Instead “he was the last of the magicians”.}}
# The amount of an artifact that has been created by someone or some process.
# A consequence of someone's efforts or of a particular set of circumstances.
# (label) A chemical substance formed as a result of a chemical reaction.
# (arithmetic) A quantity obtained by multiplication of two or more numbers.
# (label) Any operation or a result thereof which generalises multiplication of numbers, like the multiplicative operation in a ring, product of types or a categorical product.
# Any tangible or intangible good or service that is a result of a process and that is intended for delivery to a customer or end user.
#*
#*
#*
Illegal drugs, especially cocaine, when viewed as a commodity.
As an adjective economic
is economic.As a noun product is
a commodity offered for sale.economic
English
Alternative forms
* economick (archaic) * (archaic) * (obsolete)Adjective
(en adjective)Boundary problems, passage=Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too. GDP measures the total value of output in an economic territory. Its apparent simplicity explains why it is scrutinised down to tenths of a percentage point every month.}}
Usage notes
Modern usage prefers economic' when describing the economy of a region or country (and when referring to personal or family budgeting).' Economical is preferred when referring to thrift or value for money.
Derived terms
* economical * economicsAnagrams
* ----product
English
Noun
- the product of those ill-mated marriages.
- These institutions are the products of enthusiasm.