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economics definition

eco·nom·ics (ek′ə nämiks, ē′kə-)

noun

  1. the science that deals with the production, distribution, and consumption of wealth, and with the various related problems of labor, finance, taxation, etc.
  2. economic factors

Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

Alternate definitions:
economics Synonyms

economics

n.

commerce, finance, business, public economy, political economy, science of wealth, economic theory, development of public wealth, commercial theory, business theory, financial theory; science of the production, distribution, and consumption of goods and services, principles of business, principles of finance, principles of industry, study of industry, theory of trade, financial principles, economic principles, the dismal science*; see also social science.

Terms relating to economic theories include: balance of trade, fair trade, free trade, trade deficit, Gresham's Law, bad money drives out good, laissez faire, law of supply and demand, supply and demand, theory of the marginal producer, Ricardian economics, Keynesian economics, Laffer Curve, supply-side economics, trickle-down theory, Reaganomics, doctrine of rents, sound money, cheap money, bimetallism, gold standard, fiat money, protective tariff, production for use, right to work, cost of living index, consumer price index, business cycle, debtor's economy, creditor's economy, economy of scarcity, economy of abundance, guns or butter economics, market economy, free-enterprise economy, controlled economy, collective bargaining, mass production, cooperative buying and marketing, Marxian economics, input-output model, socioeconomics, microeconomics, macroeconomics, corporate state, recession, depression, inflation, stagflation, deflation.


Webster's New World Roget's A-Z Thesaurus Copyright © 1999 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

economics Usage Examples

Converse of object

  • apply: This book is a model of applied ecological economics.

Adjective modifier

  • neoclassical: Classical and neoclassical economics are primarily about the efficient allocation of resources.

Modifies a noun

  • camarota: Health economics camarota s benefits may be meeting a child's percent of employeesnational.

Noun used with modifier

  • voodoo: During the primaries, Bush had derided Reagan's hallmark pledge to cut taxes while hugely increasing the defense budget as " voodoo economics.
economics usage examples (more)

The word usage examples above have been gathered from various sources to reflect current and historical usage. They do not represent the opinions of YourDictionary.com.

economics quotes

Religion and art spring from the same root and are close kin. Economics and art are strangers.

-Cather,Willa Sibert

Economics is all about how people make choices. Sociology isall about why theydon't haveanychoicesto make.

-Duesenberry,James Stemble

Economics as a positive science is a body of tentatively accepted generalizations about economic phenomena thatcanbe used topredicttheconsequences ofchanges in circumstances.

-Friedman, Milton

economics quotes (more)

Webster's New World Dictionary of Quotations Copyright © 2005 by Chambers Harrap Publishers Ltd. All rights reserved. Published by Wiley, Hoboken, NJ. Used by arrangement with John Wiley & Sons, Inc.

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"economics." Webster's New World College Dictionary. 2009

  • Your Dictionary. 5 July 2009
  • <www.yourdictionary.com/economics>

APA Style

economics. (2009). In Webster's New World College Dictionary

  • Retrieved July 5th, 2009, from www.yourdictionary.com/economics

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