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 Um, Zachary talked to bill Castias, who is a professor of economics at Cleveland. Laura Johnston, cleveland, 17 June 2022 Leonard Lardaro, professor of economics at the University of Rhode Island, tends not to look at the monthly unemployment percentage number at all. Brian Amaral,, 16 June 2022 White House press secretary Karine Jean-Pierre betrayed either remarkable acting talents or a dismaying lack of awareness of both basic economics and fundamental tax policy during her press conference of May 17. Daniel J. Pilla, National Review, 14 June 2022 Still, labor markets are already tight, which is why the Fed is determined to get a grip on inflation, says Carola Binder, an assistant professor of economics at Haverford College. Simon Montlake, The Christian Science Monitor, 25 May 2022 Still, when adjusted for inflation, prices were higher in the summer of 2008, said Erich Muehlegger, an associate professor of economics at the University of California at Davis, whose research focuses on energy and consumer behavior. Bryan Pietsch, Anchorage Daily News, 18 May 2022 The economic disparities between the two groups were stark, said the lead author of the paper, Sarah Miller, an assistant professor of business, economics and public policy at the University of Michigan. Martha C. White, NBC News, 5 May 2022 By contrast, health care inflation has generally hovered around its historical trend of around 2%, said Corey Rhyan, senior analyst for health economics and policy at Altarum, a nonprofit research and consulting group. Tami Luhby, CNN, 12 Apr. 2022 The fields of business, policy and economics have all become enthralled with Randomized Control Trials. Allison Schrager, WSJ, 27 Mar. 2022 See More

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.

First Known Use of economics

1792, in the meaning defined at sense 1a

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Time Traveler for economics

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The first known use of economics was in 1792

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Dictionary Entries Near economics

economic rent


economic science

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Statistics for economics

Last Updated

26 Jun 2022

Cite this Entry

“Economics.” Dictionary, Merriam-Webster, Accessed 27 Jun. 2022.

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More Definitions for 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.

More from Merriam-Webster on economics

Nglish: Translation of economics for Spanish Speakers

Britannica English: Translation of economics for Arabic Speakers Encyclopedia article about economics


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