economics
[ ek-uh-nom-iks, ee-kuh- ]
/ ˌɛk əˈnɒm ɪks, ˌi kə- /
noun
(used with a singular verb)
the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.
(used with a plural verb)
financial considerations; economically significant aspects: What are the economics of such a project?
Words nearby economics
economic sanctions,
economic strike,
economic zone,
economical,
economically,
economics,
economism,
economist,
economistic,
economize,
economizer
Example sentences from the Web for economics
British Dictionary definitions for economics
economics
/ (ˌiːkəˈnɒmɪks, ˌɛkə-) /
noun
(functioning as singular)
the social science concerned with the production and consumption of goods and services and the analysis of the commercial activities of a society
See also macroeconomics, microeconomics
(functioning as plural)
financial aspects
the economics of the project are very doubtful
Cultural definitions for economics
notes for economics
Economics is generally understood to concern behavior that, given the scarcity of means, arises to achieve certain ends. When scarcity ceases, conventional economic theory may no longer be applicable. (
See
affluent society.)
notes for economics
Economics is sometimes referred to as the “dismal science.”