Definitions for economicsˌɛk əˈnɒm ɪks, ˌi kə-
Random House Webster's College Dictionary
ec•o•nom•icsˌɛk əˈnɒm ɪks, ˌi kə-(n.)
(used with a sing. v.) the science that deals with the production, distribution, and consumption of goods and services, or human welfare.
(used with a pl. v.) financial considerations; economically significant aspects.
Origin of economics:
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
Kernerman English Learner's Dictionary
economics(noun)ˌɛk əˈnɒm ɪks, ˌi kə-
the study of finance and commerce
The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.
Origin: From economy, from oeconomia, from οἰκονομία, from οἶκος + νόμος.
the science of household affairs, or of domestic management
political economy; the science of the utilities or the useful application of wealth or material resources. See Political economy, under Political
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
The science of the production, distribution and use of wealth, best understood by college professors on half-rations.
U.S. National Library of Medicine
The science of utilization, distribution, and consumption of services and materials.
Translations for economics
Kernerman English Multilingual Dictionary
the study of production and distribution of money and goods
He is studying economics.
- عِلْم الأقْتِصادArabic
- economiaPortuguese (BR)
- die VolkswirtschaftGerman
- οικονομία, οικονομική επιστήμηGreek
- علم اقتصادFarsi
- économie politiqueFrench
- ilmu ekonomiIndonesian
- علم اقتصادPersian
- اقتصاد، هغه علم چه دپانګى دتو ليد، وېش او لګښت څخه خبرې كوىPashto
- economie politicăRomanian
- ekonomi bilimi, iktisatTurkish
- 經濟學Chinese (Trad.)
- علم المعیشتUrdu
- kinh tế họcVietnamese
- 经济学Chinese (Simp.)
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