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

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

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(3.44 / 9 votes)Rate this definition:

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.

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

Wiktionary(3.70 / 10 votes)Rate this definition:

1. economicsnoun

   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. Economicsnoun

   the science of household affairs, or of domestic management

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

2. Economicsnoun

   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  

Matched Categories

1. • Social Science

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. Clifford Villalon:

   Economics is how people utilize available resources and save the economy from overspending. Ergonomics is how people electrocute themselves in spending and abuse the economy by overusing available resources.

2. John Kenneth Galbraith:

   In economics, the majority is always wrong.

3. Peter Navarro:

   Doctors disagree about things all the time. My qualifications in terms of looking at the science is that I'm Peter Navarro, i have a Ph. D. And I understand how to read statistical studies, whether it's in medicine, the law, economics or whatever.

4. Tim Ryan:

   We need to talk about economics … jobs, pensions, wages, we got off that message. … We can’t keep going down the same road.

5. Gary Hirschberg:

   He's speaking the wisdom that we all must adopt if there's going to be any hope for our children, i think sustainable economics, sustainable business is really the hope for our society, and he captured it perfectly.

Images & Illustrations of economics

Popularity rank by frequency of use