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 Memon is planning to attend the University of Chicago and major in economics., 7 July 2021 Giannitsopoulos was majoring in economics, had three minors and completed a finance accounting internship with Giorgetti in 2019, according to his LinkedIn profile. NBC News, 30 June 2021 Oaks has a bachelor’s degree in economics from Brigham Young University and an MBA from the UCLA Anderson School of Business. Scott D. Pierce, The Salt Lake Tribune, 29 June 2021 After his time in the military, Gravel graduated from Columbia University in 1956 with a Bachelor of Science degree in economics. Chandelis Duster, CNN, 27 June 2021 But, given there’s no free lunch in economics, the plan has been shown to be detrimental to millions of citizens at the bottom of income distribution. George Zarkadakis, Fortune, 27 June 2021 After finishing a degree in economics at Ateneo de Manila University in 1981, the younger Aquino joined his family in exile in the Boston area. Washington Post, 24 June 2021 This series introduces a few prophetic concepts, including the coming hyperinflation and the likely economic collapse, addictions to new forms of content such as realistic VR, cryonic time travel, and new concepts in economics. Alex Zhavoronkov, Forbes, 15 June 2021 Goesling played college basketball at Appalachian State and St. Edward’s before transferring to the University of Houston for his final year of eligibility after finishing his bachelor’s degree in economics. Matt Young, Chron, 8 June 2021

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.

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First Known Use of economics

1792, in the meaning defined at sense 1a

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Time Traveler for economics

Time Traveler

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

21 Jul 2021

Cite this Entry

“Economics.” Dictionary, Merriam-Webster, Accessed 28 Jul. 2021.

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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


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.

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Nglish: Translation of economics for Spanish Speakers

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