Definition of economics in English:

Share this entry

economics

Pronunciation: /ˌekəˈnämiks/
Pronunciation: /ˌēkəˈnämiks/

plural noun

[often treated as singular]
1The branch of knowledge concerned with the production, consumption, and transfer of wealth.
Example sentences
  • They are most likely to acquire this stock of knowledge by studying economics at school.
  • It was not an integral part of the new science of economics as taught by the Classical economists.
  • She studied music at Oxford but after a year switched to politics, philosophy and economics.
2The condition of a region or group as regards material prosperity: he is responsible for the island’s modest economics

Origin

Late 16th century (denoting the science of household management): from economic + the plural suffix -s, originally on the pattern of Greek ta oikonomika (plural), the name of a treatise by Aristotle. Current senses date from the late 18th century.

For editors and proofreaders

Syllabification: ec·o·nom·ics

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.