The difference between Economical and Inexpensive

When used as adjectives, economical means careful with money so as not to spend too much, whereas inexpensive means low in price.

check bellow for the other definitions of Economical and Inexpensive

Economical as an adjective:

Careful with money so as not to spend too much; prudent; thrifty.

Examples:

"He was an economical person by nature."
Economical as an adjective:

Saving money or resources.

Examples:

"The new, eco-friendly bicycle was an economical purchase."
Economical as an adjective (dated):

Relating to economy in any other sense.