Dictionary > English Dictionary > Definition, synonym and antonym of economics
Meaning of economics by Wiktionary Dictionary


    Alternative forms

    • œconomics ( archaic )


    From economy, from Latin oeconomia, from Ancient Greek οἰκονομία ( oikonomia, “management of a household, administration” ), from οἶκος ( oikos, “house” ) + νόμος ( nomos, “law” ) .


    economics ( uncountable )

    1. ( social sciences ) The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production .


    Derived terms

    • -nomics

    Related terms

Explanation of economics by Wordnet Dictionary


    1. the branch of social science that deals with the production and distribution and consumption of goods and services and their management

    Definition of economics by GCIDE Dictionary


    1. Economics ( ēkŏnŏmĭks ), n. [Gr. τά οἰκονομικά, equiv. to ἡ οἰκονομία. See Economic.]
      1. The science of household affairs, or of domestic management.

      2. 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.” V. Knox.