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economics

[ek-uh-nom-iks, ee-kuh-]
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noun
  1. (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.
  2. (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
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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

economics

noun
  1. (functioning as singular) the social science concerned with the production and consumption of goods and services and the analysis of the commercial activities of a societySee also macroeconomics, microeconomics
  2. (functioning as plural) financial aspectsthe 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

Word Origin and History for economics

n.

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

economics in Culture

economics

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 Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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