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
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
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.
“War is an economic shock that goes far beyond oil,” said Justin Wolfers, a professor of economics and public policy at the University of Michigan.
A woman grandmaster - the highest female-only chess title - Zhou was pursuing a degree in economics and mathematics at the University of Toronto at the time.
From BBC
“In the short term, the higher crude prices will be a benefit for New Mexico,” said Xiaoyang Wang, an assistant professor of economics at the University of New Mexico.
The implication is these disasters are being deliberately engineered, but Loader believes the causes have more prosaic roots, and have their origins in economics.
From BBC
These are, in no particular order: popular delusions and the madness of crowds, political considerations, and basic economics.
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.
