Economics is the study of the way in which money, industry, and trade are organized in a society.
He gained a first class Honours degree in economics.
Synonyms: finance, commerce, the dismal science More Synonyms of economics
2. See also home economics
3. uncountable noun
The economics of a society or industry is the system of organizing money and trade in it.
He is regarded as a committed supporter of a radical free-market economics policy.
...the economics of the third world. [+ of]
economics in British English
(ˌiːkəˈnɒmɪks, ˌɛkə-)
noun
1. (functioning as singular)
the social science concerned with the production and consumption of goods and services and the analysis of the commercial activities of a society
See also macroeconomics, microeconomics
2. (functioning as plural)
financial aspects
the economics of the project are very doubtful
economics in American English
(ˌɛkəˈnɑmɪks; ˌ ikənɑmɪks)
noun
1.
the science that deals with the production, distribution, and consumption of wealth, and with the various related problems of labor, finance, taxation, etc.
2.
economic factors
Examples of 'economics' in a sentence
economics
Either option would be bad economics or worse politics.
Times, Sunday Times (2017)
But blaming the privileged few is bad economics and questionable politics.
Times, Sunday Times (2017)
For a yard such as his, the economics of the industry do not readily stack up.
Times, Sunday Times (2016)
Which gets to the most controversial part of his proposals, where economics meets social policy and trade.
Times, Sunday Times (2016)
We're in a new era that demands a politics and economics that meets the needs of our own time.
Times, Sunday Times (2016)
Progress in economics and science has far wider ramifications.
Times, Sunday Times (2012)
Music industry economics had to reinvent itself.
Times, Sunday Times (2015)
But the economics of domestic production have been transformed during the downturn.
Times, Sunday Times (2012)
The impact on both economics and public policy has been dire.
Times, Sunday Times (2009)
But his reasoning appears to owe more to politics than to economics.
Times, Sunday Times (2006)
No wonder they call economics the dismal science.
Times, Sunday Times (2007)
Economics and economic policy is all about changes at the margin.
Times, Sunday Times (2011)
The economics of first class can be ruinous.
Times, Sunday Times (2015)
Once the role of "ideas" is admitted then the narrowly conceived "economics of politics " must collapse.
Hindess, Barry Choice, Rationality, and Social Theory (1988)
Many think economics is a science.
Times, Sunday Times (2009)
Got a top economics degree at Cambridge.
The Sun (2010)
It is now clear that the industry 's economics are under stress.
Times, Sunday Times (2010)
The world's insatiable demand for energy is rapidly altering the economics of its production.
Times, Sunday Times (2007)
Production economics becomes social economics, economics for people and their welfare.
Aganbegyan, Abel Inside Perestroika: The Future of the Soviet Economy (1990)
They will challenge the accepted concepts of international economics and international trade by largely replacing international trade in finished goods with "production sharing.
Peter F. Drucker MANAGING IN TURBULENT TIMES (1980)
I have always been interested in financial matters and economics.
Times, Sunday Times (2015)
Open trade versus fortress economics.
Times, Sunday Times (2015)
This may well become the new Holy Grail of financial economics.
Times, Sunday Times (2009)
This flurry has raised concerns that a supply glut could drive the fuel's price south, killing the economics of projects still on the drawing board.
Times, Sunday Times (2013)
I just thought I would finish my degree and use economics to go and get a job somewhere.
Times, Sunday Times (2015)
To understand this theory you need to know a little of the economics of commercial TV, whose job is to deliver eyeballs to advertisers.
Times, Sunday Times (2011)
Quotations
We have always known that heedless self-interest was bad morals; we know now that it is bad economicsFranklin Delano RooseveltFirst Inaugural Address
The Dismal ScienceThomas CarlyleLatter-Day Pamphlets
In other languages
economics
British English: economics /ˌiːkəˈnɒmɪks; ˌɛkə-/ NOUN
Economics is the study of the way in which money, industry, and trade are organized in a society.
His sister is studying economics.
American English: economics
Arabic: عِلْمُ الِاقْتِصَاد
Brazilian Portuguese: economia
Chinese: 经济学
Croatian: ekonomija
Czech: ekonomie
Danish: økonomi
Dutch: economie
European Spanish: economía
Finnish: taloustiede
French: économie science
German: Volkswirtschaftslehre
Greek: οικονομικά
Italian: economia
Japanese: 経済学
Korean: 경제학
Norwegian: sosialøkonomi
Polish: ekonomia
European Portuguese: economia
Romanian: economie
Russian: экономика
Latin American Spanish: ciencias económicas
Swedish: ekonomi
Thai: วิชาเศรษฐศาสตร์
Turkish: ekonomi
Ukrainian: економіка
Vietnamese: kinh tế học
All related terms of 'economics'
new economics
an economic doctrine based on Keynesian theories and stressing the importance of governmental taxing and spending in promoting and maintaining a sound economy
home economics
Home economics is a school subject dealing with how to run a house well and efficiently.
welfare economics
the aspects of economic theory concerned with the welfare of society and priorities to be observed in the allocation of resources
classical economics
a system or school of economic thought developed by Adam Smith , Jeremy Bentham , Thomas Malthus , and David Ricardo , advocating minimum governmental intervention , free enterprise , and free trade, considering labor the source of wealth and dealing with problems concerning overpopulation
supply-side economics
a school of economic thought that emphasizes the importance to a strong economy of policies that remove impediments to supply
macroeconomics
Macroeconomics is the branch of economics that is concerned with the major , general features of a country ’s economy , such as the level of inflation , unemployment , or interest rates .
microeconomics
Microeconomics is the branch of economics that is concerned with individual areas of economic activity , such as those within a particular company or relating to a particular market .
socioeconomics
the study of the interrelation between economics and social behavior
the study of the production and consumption of goods and services and the commercial activities of a society
He gained a first class degree in economics.
Synonyms
finance
a major player in the world of high finance
commerce
the dismal science
subject word lists
See Branches of economicsSee Economics termsSee Economics schools and theoriesSee Economists
Quotations
We have always known that heedless self-interest was bad morals; we know now that it is bad economics [Franklin Delano Roosevelt – First Inaugural Address]The Dismal Science [Thomas Carlyle – Latter-Day Pamphlets]