noun
economics
ee-kuh-NO-mihks
noun
1
The academic and social science studying how resources, wealth, goods, and money are produced, distributed, and consumed.
"She majored in economics before going into banking."
"The economics of the project just didn't add up."
How to Use Economics
Learner’s notesIn plain EnglishThe study of money, trade, and how goods and resources move through a society — or informally, "the financial side" of a situation.
Common pairings
study economics
the economics of
behavioural economics
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She majored in _____ before going into banking.
Etymology
Formed from "economic" plus the suffix "-s" used for fields of study, following the same pattern as "physics" or "politics."