in effect vs effective

in effect and effective both are adjectives.

Word	Noun	Adjective	Verb	Adverb
in effect	No	Yes	No	Yes
effective	No	Yes	No	No

As adjectives, in effect and effective are synonyms defined as:

Other synonyms of in effect include good, in force.

in effect (adjective)	effective (adjective)
exerting force or influence	producing or capable of producing an intended result or having a striking effect
	existing in fact; not theoretical; real
	able to accomplish a purpose; functioning effectively
	works well as a means or remedy
	ready for service
	exerting force or influence

in effect (adverb)	effective (adverb)
in actuality or reality or fact