economic FACTOR vs economical factor

Both "economic factor" and "economical factor" are correct, but they are used in different contexts. "Economic factor" refers to a factor related to the economy or finances, while "economical factor" is less common and could be interpreted as a factor related to being efficient or cost-effective.

Last updated: March 25, 2024 • 912 views

economic FACTOR

This phrase is correct and commonly used in English to refer to a factor related to the economy or finances.

Use "economic factor" when referring to a factor that has an impact on the economy, such as inflation rates, employment levels, or interest rates.

Examples:

Inflation rates are an important economic factor.
Interest rates play a significant role as an economic factor.

Show examples from the web [+]

That's a new economic factor, which is fascinating to most people.
Experts say that trafficking in human beings is now the second most important economic factor worldwide.
Mr President, the economic factor has always taken precedence in the building of Europe.
having regard to the importance of cultural and natural heritage both as an economic factor and as a factor in social integration and citizenship,
Innovative energy technologies are not only an important economic factor but also make a crucial contribution to security of energy supply.
The Lisbon Strategy makes clear that health is a highly important economic factor.
Protein crops are an important part of the animal feed industry and are therefore a significant economic factor.
Cultural diversity is not just an ideal; it is also a significant economic factor.
We are all agreed that public procurement is a major economic factor in the EU, accounting for 14-16% of gross national income.
Mrs Junker has instructed me to say the following on her behalf: the audiovisual sector is a growth market and a powerful economic factor.
Firstly - I would not wish to deny this - Turkey is a key economic factor.
As such, the medium-sized and small businesses are the most important economic factor in the European economy.
Mr President, ladies and gentlemen, I have to agree on the importance of tourism as an economic factor and a factor for sustainable development.
For rural areas in the candidate countries in particular, agriculture remains an economic factor of paramount importance.
Cableways are an important economic factor in many Member States, particularly in the Alpine region.
Health is a vital asset for all of us, and it is also a key economic factor.
It is very important when we think about tourism that we recognise what a huge economic factor tourism already is within the European Union.
But patents are the solution that establishes a connection between an invention and its market utilisation, and elevates knowledge to an economic factor.
Industry still remains a decisive economic factor for Europe, although it is no longer the only one.
Art and culture are, as we know, a very important economic factor and so therefore are books.

Alternatives:

financial factor
economic indicator
economic variable
economic element
economic aspect

economical factor

This phrase is correct but less commonly used. It could be interpreted as a factor related to being efficient or cost-effective.

Use "economical factor" when referring to a factor that relates to efficiency or cost-effectiveness, rather than the broader economic context.