This is the 320th most frequent Danish word.
økonomisk
"Økonomisk" means "economic" or "economical" in English.
In this context, 'økonomisk' is used to describe cost-effectiveness or efficiency in terms of expenses.
Denne bil er meget økonomisk at køre i.
This car is very economical to drive.
Here, 'økonomisk' relates to the economy and its progression or status.
Danmark oplevede en økonomisk vækst sidste år.
Denmark experienced economic growth last year.
In this sentence, 'økonomisk' describes the characteristic of being prudent with money, implying thriftiness.