Definition of economics in English:


Line breaks: eco|nom¦ics
Pronunciation: /iːkəˈnɒmɪks
, ɛk-/


[often treated as singular]
  • 1The branch of knowledge concerned with the production, consumption, and transfer of wealth.
    More 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

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Pronunciation: ˌastrə(ʊ)ˈgeɪʃ(ə)n
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