What does Economics mean?

Definitions for Economicsˌɛk əˈnɒm ɪks, ˌi kə-

Here are all the possible meanings and translations of the word Economics.

Princeton's WordNet

  1. economics, economic science, political economy(noun)

    the branch of social science that deals with the production and distribution and consumption of goods and services and their management


  1. Economics(n.)

    Political economy; the science of the utilities or the useful application of wealth or material resources; the study of the production, distribution, and consumption of goods and services of a nation or region, and its effect on the wealth of a country. See Political economy, under Political.

  2. Origin: [Gr. ta` o'ikonomika`, equiv. to "h o'ikonomi`a. See Economic.]


  1. economics(Noun)

    The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.

  2. Origin: From economy, from oeconomia, from οἰκονομία, from οἶκος + νόμος.

Webster Dictionary

  1. Economics(noun)

    the science of household affairs, or of domestic management

  2. Economics(noun)

    political economy; the science of the utilities or the useful application of wealth or material resources. See Political economy, under Political

  3. Origin: [Gr. ta` o'ikonomika`, equiv. to "h o'ikonomi`a. See Economic.]


  1. Economics

    Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία from οἶκος + νόμος, hence "rules of the house". Political economy was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" that also avoided a narrow political-interest connotation and as similar in form to "mathematics", "ethics", and so forth. A focus of the subject is how economic agents behave or interact and how economies work. Consistent with this, a primary textbook distinction is between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual agents and markets, and their interactions. Macroeconomics analyzes the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy. Other broad distinctions include those between positive economics and normative economics; between economic theory and applied economics; between rational and behavioral economics; and between mainstream economics and heterodox economics.

The Roycroft Dictionary

  1. economics

    The science of the production, distribution and use of wealth, best understood by college professors on half-rations.

U.S. National Library of Medicine

  1. Economics

    The science of utilization, distribution, and consumption of services and materials.

British National Corpus

  1. Spoken Corpus Frequency

    Rank popularity for the word 'Economics' in Spoken Corpus Frequency: #3354

  2. Nouns Frequency

    Rank popularity for the word 'Economics' in Nouns Frequency: #1427


  1. Chaldean Numerology

    The numerical value of Economics in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of Economics in Pythagorean Numerology is: 6

Sample Sentences & Example Usage

  1. John Kenneth Galbraith:

    In economics, the majority is always wrong.

  2. John Kenneth Galbraith:

    Economics is extremely useful as a form of employment for economists.

  3. Dave Clark:

    It's certainly proving out that it's justified itself, we're happy with the economics of it.

  4. Steven Udvar-Hazy:

    We looked at the economics and concluded it was not a contender in a meaningful way. So I felt it would get a silver medal and didn't deserve to get built.

  5. Thomas Sowell:

    The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

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Translations for Economics

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