Economics

Quick meaning: Economics is a noun meaning (by extension, social sciences) The study of resource and wealth allocation, consumption, and distribution, of capital and investment, and of management of the factors of production.

Meaning

(by extension, social sciences) The study of resource and wealth allocation, consumption, and distribution, of capital and investment, and of management of the factors of production.

More Meanings

1. (dated) Now chiefly home economics: the art or science of household management, especially relating to the appropriate organization of resources; housekeeping.
2. (obsolete) plural of economic (“one who is skilled in household management; (Christianity, historical) one who manages the income of a vacant benefice”).

Example Sentences

Mary studied economics for five years before going into banking.

[L]et him accept and hive every fact of chemistry, natural history, and economics; the more he has, the less is he willing to spare any one.

Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists' most-used metric, gross domestic product (GDP), is a tangle too.

Mainstream economics is increasingly sympathetic. In late 2012 the International Monetary Fund updated its institutional view on capital controls, noting that more financially open economies did worse in the crisis of 2007-09.

Synonyms for economics

Depending on context, synonyms include economic, homemaking, householdry.

Related Words

Related dictionary entries include economy, finance, financial, finances, economist, plutonomy.

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