noun[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.
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.
Definition of economics in:
- The British & World English dictionary