economics


economics

noun

  1. (used with a singular verb) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.
  2. (used with a plural verb) financial considerations; economically significant aspects: What are the economics of such a project?

noun

  1. (functioning as singular) the social science concerned with the production and consumption of goods and services and the analysis of the commercial activities of a societySee also macroeconomics, microeconomics
  2. (functioning as plural) financial aspectsthe economics of the project are very doubtful
n.

1580s, “art of managing a household,” perhaps from French économique (see economic); also see -ics. Meaning “science of wealth” is from 1792.

The science that deals with the production, distribution, and consumption of commodities.

Leave a Reply

Your email address will not be published. Required fields are marked *

47 queries 1.073