Difference between economic and economical

[Georges]

Business Idiom in English, Intermediate level

ESL/EFL Test #141 "Expressions and phrases with money", question 3

The president stated in the press conference that the ......... situation was very serious.

(a) economical
(b) economy
(c) economic
(d) economist

Business Idiom in English, Intermediate level

ESL/EFL Test #141 "Expressions and phrases with money", answer 3

The president stated in the press conference that the economic situation was very serious.

Correct answer: (c) economic

Your answer was: correct
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Difference of "economic and economical", please?

Georges

[Yankee]

Hi George

If something is economical, it saves money or resources. It's similar in meaning to "not wasteful".
An economical car uses a minimum amount of gasoline (petrol) to drive a maximum number of miles (kilometers).

The word economic is related to the economy or finances, money matters, or wealth.
There was a rise in unemployment due to the economic downturn.

Amy
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"Nearly all men can stand adversity, but if you want to test a man's character, give him power." ~ Abraham Lincoln

[Esl_Expert]

Do you have a question, Sandymiss?

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"I know only two tunes: one of them is Yankee Doodle, and the other isn't." ~ Ulysses S. Grant

[Geo777]

Hi,
I'm in doubt. Help me, please.
Economic situation or economical situation.
I wonder what the difference between two these phrases is?
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Slow but sure.