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/ˌɛkənˈɑmɪks/ /ˌikənˈɑmɪks/ Listen

noun

Economics n.

The science of household affairs, or of domestic management.

Political economy; the science of the utilities or the useful application of wealth or material resources; the study of the production, distribution, and consumption of goods and services of a nation or region, and its effect on the wealth of a country. See Political economy, under Political. "In politics and economics."

See images of 'Economics'

Etymology of 'Economics'

Collaborative International Dictionary of English 0.48

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"Economics" Quotes from Famous Books

... on the Angel. "Now you have studied books and read wise men's sayings. You understand the higher criticism, and the higher charity, and the higher egoism. You don't believe in mere giving. You don't believe in the Christmas economics,—you know better. But ...

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... to that statement. I know that sometimes political economists confuse their readers and themselves by a loose use of the term wealth, including in it many things which have nothing at all to do with economics. Good health and cheerful spirits, for example, are often spoken of as wealth and there is a certain primal sense in which that word is rightly applied to them. You remember ...

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— Psychology and Industrial Efficiency • Hugo Muensterberg

... broadly, there is no phase of science which is not involved in economic geology. In other chapters in this book many references are made to applications of engineering, mathematics, physics, chemistry, metallurgy, biology, and economics. ...

— The Economic Aspect of Geology • C. K. Leith

... understand. He could talk about the books he had read, and the things he had thought, but they were great thoughts and not at all good form for a frivolous company to dwell upon. One did not want a problem in economics or a deep philosophical question thrust upon one at a dance. Michael became a delightful but difficult proposition for the girls present, each one undertaking to teach him how to talk in society, but each in turn making a miserable failure. At last Emily Holt herself set out to give him gentle hints ...

— Lo, Michael! • Grace Livingston Hill

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