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 move, OpenAI said, will give more people the opportunity to “share in the upside economics” of the AI era.
From MarketWatch
The first principle of economics is: Don’t transfer income by distorting prices.
Amir Salek, senior managing director at Cerberus Capital Management, said he was convinced PrismML achieved a major mathematical breakthrough with the potential to improve the economics of AI.
“It is as certain as anything can be in the world of economics that inflation will be higher and growth lower in the coming months,” UBS Global Wealth economist Dean Turner said in a note.
Aditya Bhave, head of U.S. economics at the Bank of America, however, is little fazed by the potential broader impact on consumption.
From MarketWatch
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.