Definitions for economics
ˌɛk əˈnɒm ɪks, ˌi kə-eco·nomics

Princeton's WordNet(2.78 / 9 votes)Rate this definition:

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

GCIDE(3.44 / 9 votes)Rate this definition:

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.

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

Wiktionary(3.70 / 10 votes)Rate this definition:

1. economics(Noun)

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

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

Webster Dictionary(2.50 / 4 votes)Rate this definition:

1. Economics(noun)

   the science of household affairs, or of domestic management

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

2. Economics(noun)

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

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

Freebase(3.50 / 8 votes)Rate this definition:

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(3.75 / 4 votes)Rate this definition:

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(1.67 / 3 votes)Rate this definition:

1. Economics

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

Editors Contribution(0.00 / 0 votes)Rate this definition:

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  

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?

1. Alex

   US English

   Daniel

   British

   Karen

   Australian

   Veena

   Indian

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. Michael Laufer:

   It’s one of a crisis between economics and morality. We’ve seen a number of times throughout history where those two things have come to a head.

2. Jared Bernstein:

   One thing that you have to watch for is people just tacking the words poverty and inequality onto a pre-existing agenda that has very little to do with addressing those problems, for the most part, I hear lots of the same trickle-down economics that helped to get us into this mess in the first place.

3. Ahmed Moosa:

   The late Mr. Archie Augustine (a Roman Catholic) from Estcourt, Kwa Zulu Natal put it beautifully when he said the following about the Qur’an: “Despite your religious or non-religious attitudes, the Holy Qur’aan is a boon to your intellectual and moral strength. Even if you are not concerned with moral issues, then pamper your intellectual curiosity and read the Qur’aan. The greater the level of your education, in any field, or the greater your social or political standing in your community, the more reason why you should procure your own copy of the Book and begin to read it”. “Nothing, but nothing, is left ambiguous or unanswered. It is a Book of Law interwoven in morality till it touches every facet of the human experience. It includes politics, economics, moral behaviour, personal cleanliness and propriety, inter-family relationships, bequests and inheritance, inter-religious respect and tolerance, charity, the sin of taking and of giving commercial interest, the importance of prayer, the belief in ONE GOD, religious-sociology and oneness of humankind. Bring any manner or word, concept or subject matter to mind and you will find, not only a reference to such a matter, but a treatise, succinctly and poignantly illustrating, advising, illuminating and directing”. A POEM ON THE HOLY QURAN WRITTEN SOME 35 YEARS AGO BY THE NINTH PRESIDENT OF INDIA, DR. PANDIT SHANKER DAYAL SHARMA: (IT WAS A COMMAND FOR ACTION. YOU TURNED IT INTO A BOOK OF PRAYER.) (IT WAS A BOOK TO UNDERSTAND. YOU READ IT WITHOUT UNDERSTANDING.) (IT WAS A CODE FOR THE LIVING. YOU TURNED IT INTO A MANIFESTO OF THE DEAD.) (THAT WHICH WAS A BOOK OF KNOWLEDGE; YOU ABDICATED TO THE IGNORAMUS). (IT CAME TO GIVE KNOWLEDGE OF CREATION. YOU ABANDONED IT TO THE MADRASA.) (IT CAME TO GIVE LIFE TO DEAD NATIONS. YOU USED IT FOR SEEKING MERCY FOR THE DEAD.) (O’ MUSLIMS! WHAT HAVE YOU DONE?)

4. Nick Lawson:

   U.S. data has remained on the weak side, despite tightness in the labour market. This allows the FOMC (Fed) to remove the patience language and remain dovish in the statement tomorrow, that so much discussion around the economy is still warranted whilst equity price performance marches on toward imperious new highs is clear evidence that assets are out- performing underlying economics.

5. Chris Nassetta:

   The next few years are going to be exceptionally good years in this business, amongst the best years that we've seen, it's the simple laws of economics at work. While supply is inching a little bit, it's at historically low levels.

Images & Illustrations of economics

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