Economic and Economical

The words economic and economical do mean the same thing; i.e., they are not synonyms.

Economic

The adjective economic pertains to the economy, finances, or wealth. For example:
  • The economic deceleration will likely cause a further fall in unemployment.
  • The host will interview the winners and losers from current economic situation.
  • It's not about money - he is fine from an economic perspective.

Economical

The adjective economical describes something that saves money or resources or is not wasteful of money or resources. For example:
  • It has a powerful yet economical engine that is suitable for high-mileage drivers.
  • The most practical and economical way to see Brazil is by air.

The Adverb Is Economically

The adverb is easy – it's economically for both. For example:
  • Economically, the country is in good shape.
  • The car runs economically.

A Quick Test