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Is it right to say in an opinion essay, from an economical point of view? (with the final "al" in the word economical?)

Our English teacher claimed this to be wrong in class and that 70% of the students had this wrong in the essay. I wished to get this clarified from a native speaker because she insists that it is "economic" and not "economical"

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The right word to use here is economic.

Economic is all about how money works, but something economical is a good deal. You might take an economic studiesclass to understand the ebb and flow of cash in the world, but if you buy a used textbook for it, you're being economical.

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