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/ˌɛkənˈɑmɪk sˈaɪəns/ Listen

Economic science

noun

The branch of social science that deals with the production and distribution and consumption of goods and services and their management. Synonyms: economics, political economy.

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"Economic science" Quotes from Famous Books

... child psychology, adolescent psychology, etc., are defined and drawn upon for illustration, yet no separate chapters are devoted to them. In departments of political economy there are usually elemental courses designed as an introduction to the leading principles of economic science, but there are special courses in currency and banking, public finance, taxation, transportation, distribution ...

— College Teaching - Studies in Methods of Teaching in the College • Paul Klapper

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... furnishing us with assistance in the solution of the economic and social problems of the present day. The last fifty years have witnessed a reaction against the scientific abstractions of the classical economists, and modern thinkers are growing more and more dissatisfied with an economic science which leaves ethics out of account.[1] Professor Sidgwick, in his Principles of Political Economy, published in 1883, devotes a separate section to 'The Art of Political Economy,' in which he remarks that 'The principles of Political Economy are still most commonly ...

— An Essay on Mediaeval Economic Teaching • George O'Brien

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Words linked to "Economic science" : Gresham's Law, usance, utility, marginal utility, economic consumption, production, finance, easy, real, econometrics, social science, consumption, tight, moral hazard, spillover, macroeconomics, use, economics, deflationary, nominal, capital account, microeconomics, supply-side economics, game theory, use of goods and services, theory of games, oligopoly, economic theory, inflationary, productivity, monopsony, monopoly