What does Economics mean?

Definitions for Economics
ˌɛk əˈnɒm ɪks, ˌi kə-eco·nom·ics

This dictionary definitions page includes all the possible meanings, example usage and translations of the word Economics.

Princeton's WordNet

  1. economics, economic science, political economynoun

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

GCIDE

  1. Economicsnoun

    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.

Wiktionary

  1. economicsnoun

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

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

Wikipedia

  1. Economics

    Economics () is the social science that studies the production, distribution, and consumption of goods and services.Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and behavioural economics; and between mainstream economics and heterodox economics.Economic analysis can be applied throughout society, including business, finance, cybersecurity, health care, engineering and government. It is also applied to such diverse subjects as crime, education, the family, feminism, law, philosophy, politics, religion, social institutions, war, science, and the environment.

ChatGPT

  1. economics

    Economics is a social science that studies how individuals, governments, organizations, and societies allocate, distribute, and manage scarce resources in order to fulfill their needs and wants. This includes analyzing economic activities, trends, and behaviors such as production, consumption, savings, investment, and trade. It consists of two main branches: microeconomics, which focuses on the actions of individuals and firms, and macroeconomics, which looks at the economy as a whole.

Webster Dictionary

  1. Economicsnoun

    the science of household affairs, or of domestic management

  2. Economicsnoun

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

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

Wikidata

  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.

Editors Contribution

  1. economics

    The act, process and science of creating, managing, stimulating and generating an economy.

    Economics is simple when we look at it in a simple manner.


    Submitted by MaryC on March 7, 2020  

Suggested Resources

  1. Economics

    Economical vs. Economics -- In this Grammar.com article you will learn the differences between the words Economical and Economics.

Matched Categories

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

How to pronounce Economics?

How to say Economics in sign language?

Numerology

  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

Examples of Economics in a Sentence

  1. Fox News contributor Charles Krauthammer:

    He gave the classic Republican agenda on economics: cut taxes. I think every Republican would agree.

  2. Med Yones:

    In religious traditions, the love of money is the root of all evil. In economics, scarcity is the root of all evil.

  3. Adrian Gardner:

    London Metal Exchange's strange and sad, london Metal Exchange's not good for The LME or the metal industry. London Metal Exchange's not good for the principle of trading or for the principal of free market economics.

  4. Lucas Chancel:

    The work that we've been doing really shows that, in fact, these claims -- or this idea of trickle-down economics -- does not pass the scrutiny of data, key lessons from the past 40 years of data is that the cuts in top tax rates have not triggered prosperity for all, as they were supposed to trigger.

  5. Steve Clark:

    The difficulty with all of these things comes around economics and how much of what you see as your baby you are willing to give up to be part of something.

Popularity rank by frequency of use

Economics#1#2569#10000

Translations for Economics

From our Multilingual Translation Dictionary

Get even more translations for Economics »

Translation

Find a translation for the Economics definition in other languages:

Select another language:

  • - Select -
  • 简体中文 (Chinese - Simplified)
  • 繁體中文 (Chinese - Traditional)
  • Español (Spanish)
  • Esperanto (Esperanto)
  • 日本語 (Japanese)
  • Português (Portuguese)
  • Deutsch (German)
  • العربية (Arabic)
  • Français (French)
  • Русский (Russian)
  • ಕನ್ನಡ (Kannada)
  • 한국어 (Korean)
  • עברית (Hebrew)
  • Gaeilge (Irish)
  • Українська (Ukrainian)
  • اردو (Urdu)
  • Magyar (Hungarian)
  • मानक हिन्दी (Hindi)
  • Indonesia (Indonesian)
  • Italiano (Italian)
  • தமிழ் (Tamil)
  • Türkçe (Turkish)
  • తెలుగు (Telugu)
  • ภาษาไทย (Thai)
  • Tiếng Việt (Vietnamese)
  • Čeština (Czech)
  • Polski (Polish)
  • Bahasa Indonesia (Indonesian)
  • Românește (Romanian)
  • Nederlands (Dutch)
  • Ελληνικά (Greek)
  • Latinum (Latin)
  • Svenska (Swedish)
  • Dansk (Danish)
  • Suomi (Finnish)
  • فارسی (Persian)
  • ייִדיש (Yiddish)
  • հայերեն (Armenian)
  • Norsk (Norwegian)
  • English (English)

Word of the Day

Would you like us to send you a FREE new word definition delivered to your inbox daily?

Please enter your email address:


Citation

Use the citation below to add this definition to your bibliography:

Style:MLAChicagoAPA

"Economics." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/Economics>.

Discuss these Economics definitions with the community:

0 Comments

    Are we missing a good definition for Economics? Don't keep it to yourself...

    Image or illustration of

    Economics

    Credit »

    Free, no signup required:

    Add to Chrome

    Get instant definitions for any word that hits you anywhere on the web!

    Free, no signup required:

    Add to Firefox

    Get instant definitions for any word that hits you anywhere on the web!

    Browse Definitions.net

    Quiz

    Are you a words master?

    »
    an attitude of irreverence or contempt for a divinity
    A exponent
    B preponderance
    C profaneness
    D macron

    Nearby & related entries:

    Alternative searches for Economics: