👉 The term "ineconomic" typically refers to a situation or state where resources are insufficient or inadequate for meeting the needs of a population. This can occur due to factors such as limited access to basic necessities, lack of infrastructure, and a lack of skilled labor. In an economic context, "ineconomic" might refer to situations where there is a surplus of goods and services, but the demand exceeds supply, resulting in high prices and reduced quality or availability. For example, if there are too many
