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economics Line breaks: eco|nom¦ics
Pronunciation: /iːkəˈnɒmɪks/

Definition of economics in English:

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
Definition of economics in:
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