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economic (adj.)1590s, "pertaining to management of a household," perhaps shortened from economical, or else from French économique or directly from Latin oeconomicus "of domestic economy," from Greek oikonomikos "practiced in the management of a household or family" (also the name of a treatise by Xenophon on the duties of domestic life), hence, "frugal, thrifty," from oikonomia "household management" (see economy (n.)). Meaning "relating to the science of economics" is from 1835 and now is the main sense, economical retaining the older one of "characterized by thrift."
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plutonomic (adj.)
Related entries & more "of or pertaining to the science or study of wealth or riches," 1853, from Greek ploutos "wealth" (see Pluto) + ending from economic. Fell from currency 1870s, revived 1990s. Related: Plutonomy (1851); plutonomics (1991, a 19c. word for "the science of wealth and the natural laws governing its production and distribution" was plutology); plutonomist (1869).
offshoring (n.)
Related entries & more in the economic sense, as a form of outsourcing, attested by 1988, from off-shore.
deflation (n.)
Related entries & more 1891, "release of air," noun of action from deflate (q.v.). In reference to currency or economic situations, from 1916. Related: Deflationary.
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