economic / economical
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economic
Relating to the economy, that is, the area of production, trade, and finance.
Die wirtschaftliche Lage des Landes hat sich in den letzten Jahren verbessert.
The country's economic situation has improved in recent years.
economical
Relating to finances or efficiency; cost-saving, profitable, or inexpensive.
Es ist nicht wirtschaftlich, das alte Gerät zu reparieren, ein neues ist günstiger.
It is not economical to repair the old device; a new one is cheaper.
The adjective 'wirtschaftlich' (economic/economical) is derived from the noun 'die Wirtschaft' (the economy). The ending '-lich' means 'in the manner of' or 'related to' and turns the noun into an adjective.
Wir müssen die wirtschaftliche Entwicklung genau beobachten.
We must monitor economic development closely.
The meaning depends heavily on context. If the word refers to larger contexts like 'Lage' (situation) or 'Krise' (crisis), it means 'concerning the economy.' If it refers to an action or decision, it means 'efficient' or 'economical.'
Die politische und wirtschaftliche Situation ist stabil.
The political and economic situation is stable.
In the meaning 'efficient,' 'wirtschaftlich' (economical) is often used as an adverb to describe a verb. It then means that you use resources such as money or time wisely.
Wir müssen lernen, wirtschaftlicher zu handeln.
We need to learn to act more economically.
financial
Both words can describe a company's situation. More specifically, finanziell refers to money, available funds, and the ability to pay, while wirtschaftlich refers to the broader economic situation and profitability. Use finanziell for specific questions about money and wirtschaftlich for a more general assessment.
Trotz der hohen Kosten bleibt das Unternehmen wirtschaftlich stabil.
Despite the high costs, the company remains economically stable.
Trotz der hohen Kosten bleibt das Unternehmen finanziell zahlungsfähig.
Despite the high costs, the company remains financially solvent.
