economics
noun /ˌiːkəˈnɒmɪks/, /ˌekəˈnɒmɪks/
/ˌiːkəˈnɑːmɪks/, /ˌekəˈnɑːmɪks/
- [uncountable] the study of how a society organizes its money, trade and industry
- He studied politics and economics at Yale.
- Keynesian/Marxist economics
- trends in modern economics
Oxford Collocations Dictionaryadjective- applied
- theoretical
- classical
- …
- a school of economics
- [plural, uncountable] the way in which money influences, or is organized within, an area of business or society
- The economics of the project are very encouraging.
- The economics of maintaining a safe environment are not just the concern of the government.
Word Originlate 16th cent. (denoting the science of household management): from economic + the plural suffix -s, originally on the pattern of Greek ta oikonomika (plural), the name of a treatise by Aristotle. Current senses date from the late 18th cent.