economics
Americannoun
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(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.
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(used with a plural verb) financial considerations; economically significant aspects.
What are the economics of such a project?
noun
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(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
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(functioning as plural) financial aspects
the economics of the project are very doubtful
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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
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 optimal New Year’s resolution works with human nature rather than trying to defy it, respecting the limits of motivation and leveraging the power of behavioral economics.
Mr. Lipsky is chair of international economics at the Atlantic Council and a former adviser to the International Monetary Fund.
The potential benefits of recovering critical mineral byproducts extend beyond economics.
From Science Daily
When the economics turn, these companies will not hesitate to walk away.
From Salon
“The U.S. was trying to disengage from Europe at the end of the war,” said Benn Steil, director of international economics at the Council on Foreign Relations in New York.
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
