Definition of economics
1a : a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and servicesb : economic theory, principles, or practices sound economics
2 : economic aspect or significance the economics of building a new stadium
3 : economic conditions current economics
First Known Use of economics
ECONOMICS Defined for English Language Learners
Definition of economics for English Language Learners
: 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 Defined for Kids
Definition of economics for Students
: 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.
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