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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. 2017.
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Examples from the Web for economics
Contemporary Examples
Historical Examples
  • It was at Holbach's that Shelburne met Morellet with whom he carried on a long and serious correspondence on economics.

    Baron d'Holbach Max Pearson Cushing
  • Whether Johnnie really knows or cares anything about economics I cannot say.

    Nights in London Thomas Burke
  • Freehold Villas symbolized the final triumph of Victorian economics, the apotheosis of the prudent and industrious artisan.

    Hilda Lessways Arnold Bennett
  • His name is yet illustrious in the departments of natural and moral science and economics.

    Usury Calvin Elliott
  • Following up this line of thought he became interested in economics and labour questions.

    A Girl Among the Anarchists Isabel Meredith
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 American Heritage® 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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