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[ek-uh-nom-iks, ee-kuh-] /ˌɛk əˈnɒm ɪks, ˌi kə-/
(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.
(used with a plural verb) financial considerations; economically significant aspects:
What are the economics of such a project?
Origin of economics
1785-95; see economic, -ics Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for economics
  • The successful applicant must have a field of specialization in macroeconomics and monetary economics.
  • Its one of the simple principles of economics.
  • Upon looking into the economics of disarmament one soon makes a decisive discovery.
  • He's been giving speeches and writing about exponential economics.
  • The fact that you do not appreciate the complexities of economics underscores why no one asked you to make those decisions.
  • Indeed, the economics of attention will illuminate what computers can become.
  • Although the crisis has exposed bitter divisions among economists, it could still be good for economics.
  • We need to balance the economics.
  • Sometimes, it just comes down to economics.
  • We also need to link ecology with economics and with the social and political factors in any country.
British Dictionary definitions for economics


/ˌiːkəˈnɒmɪks; ˌɛkə-/
(functioning as sing) the social science concerned with the production and consumption of goods and services and the analysis of the commercial activities of a society See also macroeconomics, microeconomics
(functioning as pl) financial aspects: the economics of the project are very doubtful
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for economics

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

Online Etymology Dictionary, © 2010 Douglas Harper
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economics in Culture

economics definition

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

Note: Economics is generally understood to concern behavior that, given the scarcity of means, arises to achieve certain ends. When scarcity ceases, conventional economic theory may no longer be applicable. (See affluent society.)
Note: Economics is sometimes referred to as the “dismal science.”
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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