This is the 883rd most frequent Swedish word.
ekonomiskt
"Ekonomiskt" means "economically" or "financially" in English.
The word 'ekonomiskt' is used here as an adverb to describe the manner in which one should think.
Det är bra att tänka ekonomiskt för att spara pengar.
It's good to think economically to save money.
In this sentence, 'ekonomiskt' functions as an adverb to explain how the action of living is being conducted.
Vi lever ekonomiskt för att undvika onödiga utgifter.
We live economically to avoid unnecessary expenses.
Here, 'ekonomiskt' is used as an adjective to describe the nature of the decision.