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[ek-uh-nom-iks, ee-kuh-] /ˌɛk əˈnɒm ɪks, ˌi kə-/
(used with a singular verb) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.
(used with a plural verb) financial considerations; economically significant aspects:
What are the economics of such a project?
Origin of economics
First recorded in 1785-95; See origin at economic, -ics Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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Examples from the Web for economics
Contemporary Examples
Historical Examples
  • The liberal party appears to be vanquished in the sphere of economics.

  • Nothing can permanently prevent the operation of this first law of economics.

    Freeland Theodor Hertzka
  • economics are stubborn things and cannot be successfully dealt with emotionally.

    War Taxation Otto H. Kahn
  • Especially were they burdened with books on economics and political science.

    Herbert Hoover Vernon Kellogg
  • The final topic in the course is the formulation of a definition of economics.

    College Teaching Paul Klapper
British Dictionary definitions for economics


/ˌiːkəˈnɒmɪks; ˌɛkə-/
(functioning as sing) the social science concerned with the production and consumption of goods and services and the analysis of the commercial activities of a society See also macroeconomics, microeconomics
(functioning as pl) financial aspects: the economics of the project are very doubtful
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for economics

1580s, "art of managing a household," perhaps from French économique (see economic); also see -ics. Meaning "science of wealth" is from 1792.

Online Etymology Dictionary, © 2010 Douglas Harper
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economics in Culture

economics definition

The science that deals with the production, distribution, and consumption of commodities.

Note: Economics is generally understood to concern behavior that, given the scarcity of means, arises to achieve certain ends. When scarcity ceases, conventional economic theory may no longer be applicable. (See affluent society.)
Note: Economics is sometimes referred to as the “dismal science.”
The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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