[ek-uh-nom-iks, ee-kuh-]
(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?

1785–95; see economic, -ics Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
economics (ˌiːkəˈnɒmɪks, ˌɛkə-)
1.  (functioning as singular) macroeconomics See also microeconomics the social science concerned with the production and consumption of goods and services and the analysis of the commercial activities of a society
2.  (functioning as plural) financial aspects: the economics of the project are very doubtful

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

"science of wealth," 1792, from economic.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary

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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Example sentences
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
He's been giving speeches and writing about exponential economics.
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