Definition

Describing something that is not financially efficient or is likely to result in a loss.

Example

The project was deemed uneconomic due to its high costs and low returns.

Conversation

I heard they want to build a new mall, but it sounds uneconomic for the area.

Really? Why do you say that?

Well, they already have so many empty shops nearby.

That makes sense; it could lead to even more uneconomic situations.

Synonyms & Antonyms

Root Explanation

Uneconomic → It is formed from "un-" (meaning not) and "economic" (from Greek "oikonomikos", meaning related to household management or economics). The word "uneconomic" means not related to or not beneficial in terms of economic efficiency or management.

Memory Tip

Think of 'not' ('un-') being applied to 'economic' matters, which helps you remember that 'uneconomic' refers to something that is not efficient or beneficial in economic terms.

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