Uneconomic

Word Profile: Uneconomic

Part of Speech: Adjective
Pronunciation: /ˌʌnˌiː.kəˈnɒ.mɪk/
Definition: Refers to something that is not economical; not resulting in or capable of producing a profit or efficient outcomes. It describes activities, processes, or practices that do not make the best use of available resources, such as time, money, or energy, often leading to financial unviability or inefficiency.

Etymology and Historical Background:

The prefix "un-" is used to give a word the opposite meaning, and "economic" derives from the Greek "oikonomikos," meaning "practiced in the management of a household or family." Therefore, "uneconomic" translates to actions or practices that are contrary to efficient household or resource management. The term has evolved to broadly encompass inefficiency or lack of profitability in various sectors.

Synonyms:

Inefficient
Unprofitable
Costly
Impractical
Nonviable

Antonyms:

Economic
Efficient
Profitable
Practical
Viable

Example Sentences:

The old machinery proved uneconomic to repair, leading to its replacement.
Running a small store in such a remote location is uneconomic due to high transportation costs.
Investing in outdated technology is considered uneconomic by most businesses.
The uneconomic use of resources in the project caused significant budget overruns.
It's uneconomic to keep old cars running due to their high fuel consumption and maintenance costs.
The government decided it was uneconomic to continue funding the program.
Many small farms are becoming uneconomic because of rising costs and falling prices.
The company discontinued its uneconomic lines of products to focus on more profitable ones.
Keeping the facility open all year round is uneconomic due to the seasonal nature of the business.
The study revealed that manual processing is uneconomic compared to automated systems.