economics
//ˌiːkəˈnɒmɪks//
Definitions
1.The study of resource and wealth allocation, consumption, and distribution, of capital and investment, and of management of the factors of production.
- Mary studied economics for five years before going into banking.
- The economics of running a restaurant are not easy to get right.
- 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.
Frequency
Overall
Uncommon· #3130
By learning goal
- Everyday conversation
- Rare
- General reading & writing
- Uncommon
- Academic
- Rare
- Literature
- Rare
Related words
Word family
Etymology
From economic (noun) (obsolete) + -s (suffix forming pluralia tantum, and regular plural forms of nouns). Economic is derived from Middle English economike, iconomique (“household management”), and then: