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 Philipson’s departure is viewed by administration officials as likely to empower Goodspeed, the remaining member of the Council of Economic Advisers and a former economics professor at the University of Oxford. Washington Post, "Exodus from Trump’s economic team continues despite fresh fears about new closures and coronavirus crisis," 29 June 2020 Dennis Hoffman, an Arizona State University economics professor, said the tax credit won’t persuade those who feel unsafe to travel. Yvonne Wingett Sanchez, The Arizona Republic, "Why Martha McSally wants the government to pay for your next vacation," 27 June 2020 The number of Black business owners fell by 41% between February and April -- a far higher percentage than any other racial group, according to research from Robert Fairlie, an economics professor at the University of California at Santa Cruz. Alicia Lee, CNN, "'My Black Receipt' campaign encourages consumers to spend $5 million at Black-owned businesses through July 6," 24 June 2020 In a conversation with The Center Square last year, Gary Wolfram, Hillsdale College William Simon professor of economics and public policy, noted Line 5 has been operational since 1953 without any incidents resulting in spillage in the Great Lakes. Bruce Walker, Washington Examiner, "Citing ‘damaged anchor support,’ Enbridge closes Line 5 pipeline," 22 June 2020 That makes experts like Michael Visser, an economics professor at Sonoma State University, a little anxious. Esther Mobley, SFChronicle.com, "Wine Country has reopened, but a rise in coronavirus cases stirs fears," 20 June 2020 Ohio is doing well so far because leaders successfully balanced the health, economics and politics of the state, said Texas A&M school of public health professor Gerard Carrino, a native of Wadsworth. Mary Kilpatrick, cleveland, "How has Ohio avoided a coronavirus spike while other states surge? Experts credit early closings, measured reopenings," 19 June 2020 Lisa Cook, professor of economics and international relations at Michigan State University, said much of family wealth for African Americans and Hispanics was wiped out during the Great Recession when many people lost jobs, homes and money. Susan Tompor, Detroit Free Press, "COVID-19 widens racial wealth gap, hitting Black businesses especially hard," 19 June 2020 The debate reflects some of the turmoil roiling economics and other professions following the recent police killing of George Floyd. Amara Omeokwe, WSJ, "Coverage of the Unrest Sparked by George Floyd’s Killing," 11 June 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.

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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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Statistics for economics

Last Updated

8 Jul 2020

Cite this Entry

“Economics.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/economics. Accessed 8 Jul. 2020.

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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.

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More from Merriam-Webster on economics

Rhyming Dictionary: Words that rhyme with economics

Spanish Central: Translation of economics

Nglish: Translation of economics for Spanish Speakers

Britannica English: Translation of economics for Arabic Speakers

Britannica.com: Encyclopedia article about economics

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