economics

[ek-uh-nom-iks, ee-kuh-]

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

/ 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

economics

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

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.)

Word History and Origins

Origin of economics¹

First recorded in 1785–95; economic, -ics

Example Sentences

Iris Zhan, a Wellesley College junior majoring in economics and peace and justice studies, recalls being told that the economics program sets up students for a wide swath of careers.

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While the government has reopened, there’s going to be a backup in the release of data, particularly for October and November, said Mike Skordeles, head of U.S. economics at Truist, in an interview.

Read more on MarketWatch

Contracts cover economics, politics, pop culture, and more.

Read more on Barron's

Although the government has reopened, there’s going to be a backup in the release of data, particularly for October and November, said Mike Skordeles, head of U.S. economics at Truist, in an interview.

Read more on MarketWatch

“Whether or not people will keep buying as much stuff is very hard to predict,” said Devashish Mitra, an economics professor at Syracuse University who researches trade.

Read more on The Wall Street Journal

Related Words

• business 
• finance 
• social science