Definition of economics noun from the Oxford Advanced Learner's Dictionary



    BrE BrE//ˌiːkəˈnɒmɪks//
    ; NAmE NAmE//ˌiːkəˈnɑːmɪks//
    ; BrE BrE//ˌekəˈnɒmɪks//
    ; NAmE NAmE//ˌekəˈnɑːmɪks//
    Economy, Subjects and courses
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  1. 1 [uncountable] the study of how a society organizes its money, trade and industry He studied politics and economics at Yale. Keynesian/Marxist economics see also home economics See related entries: Economy, Subjects and courses
  2. 2[plural, uncountable] the way in which money influences, or is organized within, an area of business or society The economics of the project are very encouraging.
  3. Word Originlate 16th cent. (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 cent.Extra examples trends in modern economics Keynesian/​Marxist economics The economics of maintaining a safe environment are not just the concern of the government.
See the Oxford Advanced American Dictionary entry: economics