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

economics

noun
 
 
/ˌiːkəˈnɒmɪks/,
 
/ˌekəˈnɒmɪks/
 
/ˌiːkəˈnɑːmɪks/,
 
/ˌekəˈnɑːmɪks/
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  1.  
    [uncountable] the study of how a society organizes its money, trade and industry
    • He studied politics and economics at Yale.
    • Keynesian/Marxist economics
    • trends in modern economics
    see also home economicsTopics Moneyb2, Educationb2
    Oxford Collocations Dictionaryadjective
    • applied
    • theoretical
    • classical
    • …
    phrases
    • a school of economics
    See full entry
  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.
    • The economics of maintaining a safe environment are not just the concern of the government.
    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.
See economics in the Oxford Advanced American DictionarySee economics in the Oxford Learner's Dictionary of Academic English
Check pronunciation: economics

Nearby words

trait
noun
 
 
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