eco·​nom·​ics | \ ˌe-kə-ˈnä-miks How to pronounce economics (audio) , ˌē-kə- How to pronounce economics (audio) \

Definition of economics

1a : a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services
b : economic theory, principles, or practices sound economics
2 : economic aspect or significance the economics of building a new stadium
3 : economic conditions current economics

Examples of economics in a Sentence

Recent Examples on the Web Alaskans also got a chance to hear from appointee McKenzie Mitchell of Fairbanks, a hunting and sportfish guide, small plane enthusiast and an adjunct professor in economics and recreation management at the University of Alaska Fairbanks. Anchorage Daily News, "US Senate opponents Sullivan and Gross set to square off in Kodiak seafood industry debate," 8 Sep. 2020 Labor economics and policy reporter Eric Morath joins host Annmarie Fertoli to analyze the new monthly jobs report. Sarah Chaney, WSJ, "U.S. Unemployment Rate Fell to 8.4% in August as Hiring Continued," 4 Sep. 2020 If a resurgence causes new lockdowns in nations, the economic damage could last beyond those entering the workforce in 2020 or 2021, says Jesse Rothstein, professor of public policy and economics at the University of California at Berkeley. Jules Struck, The Christian Science Monitor, "Young workers hit hardest in global downturn. What’s the answer?," 31 Aug. 2020 Food is connected to community and culture, economics and family. Maria Pasquini, PEOPLE.com, "Dawn Davis Named as Bon Appétit's New Editor in Chief, Becoming First Black Woman to Hold Position," 28 Aug. 2020 Tomlinson writes commentary about business, economics and policy. Chris Tomlinson, ExpressNews.com, "Oil companies following in coal’s footsteps," 28 Aug. 2020 Education: Bachelor's degree in international economics and master's degree in business administration from the National University of Economics in Ukraine, professional accountancy master's degree from Indiana University Indianapolis. Kaitlin Lange, The Indianapolis Star, "How Victoria Spartz's Ukrainian roots influence her conservative values," 28 Aug. 2020 With American Airlines as the only airline flying into Roswell, Mayor Dennis Kintigh said the city relies on the carrier for tourism, economics and getting local residents across the country. Dallas News, "American Airlines slows plans to cut service to three small cities it targeted," 27 Aug. 2020 In fact, surveys of psychology, education, economics and criminology research estimate that no more than 1% of all studies in those fields are explicit replications. Stuart Ritchie, Star Tribune, "Yes, we need to 'trust science'," 21 Aug. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'economics.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

See More

First Known Use of economics

1792, in the meaning defined at sense 1a

Keep scrolling for more

Learn More about economics

Time Traveler for economics

Time Traveler

The first known use of economics was in 1792

See more words from the same year

Statistics for economics

Last Updated

18 Sep 2020

Cite this Entry

“Economics.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/economics. Accessed 26 Sep. 2020.

Keep scrolling for more

More Definitions for economics

economics

noun
How to pronounce economics (audio) How to pronounce economics (audio)

English Language Learners Definition of economics

: a science concerned with the process or system by which goods and services are produced, sold, and bought
: the part of something that relates to money

economics

noun plural
eco·​nom·​ics | \ ˌe-kə-ˈnä-miks How to pronounce economics (audio) , ˌē- \

Kids Definition of economics

: the science concerned with the making, selling, and using of goods and services
Hint: Economics can be used as a singular or a plural in writing and speaking.

Keep scrolling for more

More from Merriam-Webster on economics

Nglish: Translation of economics for Spanish Speakers

Britannica English: Translation of economics for Arabic Speakers

Britannica.com: Encyclopedia article about economics

Comments on economics

What made you want to look up economics? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

Test Your Vocabulary

Challenging Vocabulary Quiz Returns!

  • stylized drawing of woman pole vaulting across gap to get trophy
  • Which is a synonym of fuliginous?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Citation

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!