økonomisk

økonomisk is an adjective used in Danish and Norwegian to describe matters related to the economy, finances, or economic policy. It can also denote cost efficiency in everyday language, depending on the context. While its primary sense is economic or financial, the word may carry connotations of thrift or practical savings in some uses.

Etymology: The term derives from the noun økonomi (economy) in Danish and Norwegian, which traces to Greek oikonomia via Latin oeconomia and French économie. The adjective økonomisk follows the same root and agrees with the noun it modifies in gender and number.

Usage: In Danish and Norwegian, økonomisk is used with nouns to form phrases such as økonomisk vekst (economic growth), økonomiske forhold (economic conditions), økonomisk politikk (economic policy), and økonomisk krise (economic crisis). It can also appear in compounds like økonomisk støtte (financial support). In contexts emphasizing cost efficiency, the sense of economical may appear as well, for example in phrases describing a vehicle or method as økonomisk in the sense of being cost-effective.

See also: Economy, Economics. The term is standard in formal and semi-formal discourse in both languages, and it is closely related to other financial terms and to the noun økonomi, which denotes the overall system of production, distribution, and consumption.