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economics

American  
[ek-uh-nom-iks, ee-kuh-] / ˌɛk əˈnɒm ɪks, ˌi kə- /

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?


economics British  
/ ˌiːkəˈnɒmɪks, ˌɛkə- /

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 society See also macroeconomics microeconomics

  2. (functioning as plural) 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

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


Discover More

Economics is sometimes referred to as the “dismal science.”

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.)

Etymology

Origin of economics

First recorded in 1785–95; economic, -ics

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The upgrade reflects the "depth and breadth" of European Union-Vietnamese cooperation, he said, adding: "We can do much more in trade, in green energy, in development economics, in security and defence."

From Barron's

He also earned his bachelor's at Stanford, researching regulation on prison phone call rates for his economics honors thesis.

From The Wall Street Journal

Chelsey Dulaney is a reporter at The Wall Street Journal in London, where she writes about European economics, markets and finance.

From The Wall Street Journal

He focuses on the region’s politics, economics and foreign policy.

From The Wall Street Journal

Based in Johannesburg, Gabriele reported on life, politics, economics and public health on the continent and managed a team of correspondents.

From The Wall Street Journal