Economic vs Economy: What's the Difference?
What's the Difference?
Economic" is an adjective related to the economy, while "economy" is a noun meaning the system of economy or savings.
Memory Tip: economic = adjective, economy = noun
economic stress on /nó/, economy stress on /kón/
economic
adjectiveEconomic means related to the production, distribution, and use of goods and services in a society.
Example:
If the government lowers taxes, it might create more economic opportunities for small businesses.
Common patterns:
economic growth
economic crisis
economic policy
economy
nounThe economy is the system of how money and goods are produced and used in a country.
Example:
If more people start buying local products, the economy will grow stronger.
Common patterns:
strong economy
local economy
global economy
Common Mistakes
The government announced new policies to boost the economic.
The government announced new policies to boost the economy.
The word 'economy' is needed here as it refers to the system of economic activity.
She studied the global economy trends for her thesis.
She studied the global economic trends for her thesis.
The word 'economic' is correct because it describes the trends related to the economy.
Quick Practice
0/2 correct1. If the government lowers taxes, it might create more ____ opportunities for small businesses.
2. If more people start buying local products, the ____ will grow stronger.
Other Confusing Words
Never confuse economic / economy again
Practice confusing word pairs with your daily goal in the Vocab5000 app and learn them for good with a scientifically proven repetition system. Start for free now.
