How Do You Spell UNECONOMICALLY?

Pronunciation: [ʌnˌiːkənˈɒmɪkli] (IPA)

The word "uneconomically" is spelled with a prefix "un-" added to the word "economically". The syllable stress falls on the third syllable "nom" with a long "o" sound, followed by the "i" sound with a short "i" sound, and ending with an "klee" sound. The IPA transcription for this word is /ˌʌn.iː.kəˈnɒ.mɪ.kli/. It means that something is not economically viable or wasteful of resources. It is important to spell this word correctly to convey a precise meaning in writing.

UNECONOMICALLY Meaning and Definition

1. Uneconomically, an adverb derived from the term "uneconomic," refers to an action, process, or situation that does not conform to or align with the principles of economics, particularly those related to efficiency, cost-effectiveness, and rational decision making. When an activity or behavior is deemed uneconomical, it implies that it fails to maximize the allocation of resources or achieve optimal outcomes in terms of financial gain, utility, or overall productivity.

   In the realm of economics, something is considered uneconomical when it involves excessive or disproportionate costs relative to the benefits or results it produces. This could pertain to inefficient production methods, wasteful resource utilization, or unjustifiable expenses. For instance, operating a business with outdated equipment that consumes excessive energy and requires constant repair could be regarded as uneconomical due to the high operational costs and diminished returns. Similarly, investing in a project with minimal potential for profitability or embracing an inefficient transportation system in urban areas are examples of uneconomic choices.

   The notion of uneconomically highlights the importance of efficient resource allocation, cost control, and rational decision making in economic activities. It serves as a benchmark against which actions and policies are evaluated in terms of their economic viability and effectiveness. Recognizing and rectifying uneconomical practices is essential for optimizing productivity, minimizing waste, and achieving sustainable economic growth.

Common Misspellings for UNECONOMICALLY

• uneconmically
• Unonomically
• Uneconomicly
• Uneconimacally

Etymology of UNECONOMICALLY

The word "uneconomically" is derived from the root word "economical", which itself comes from the Latin word "oeconomus", meaning "a steward" or "manager". The term is formed by adding the prefix "un-" meaning "not" or "opposite" to the word "economically", indicating something that is not done in an efficient or thrifty manner.