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adjective . 1. avoiding waste or extravagance; thrifty: an economical meal; an economical use of interior space. 2. economic.

adjective. not wasting money, time, fuel, etc.; thrifty an economical person, an economical stove; expressed or done with economy, as by using few words an economical style; of ...

ec·o·nom·i·cal   (k-n m-k l, k-) adj. 1. Prudent and thrifty in management; not wasteful or extravagant. See Synonyms at sparing. 2. Intended to save money, as by efficient ...

economic system. Set of principles and techniques by which a society decides and organizes the ownership and allocation of economic resources. At one extreme, usually called a free ...