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economics

American  
[ek-uh-nom-iks, ee-kuh-] / ˌɛk əˈnɒm ɪks, ˌi kə- /

noun

  1. (used with a singular verb) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.

  2. (used with a plural verb) financial considerations; economically significant aspects.

    What are the economics of such a project?
economics British  
/ ˌiːkəˈnɒmɪks, ˌɛkə- /

noun

  1. (functioning as singular) the social science concerned with the production and consumption of goods and services and the analysis of the commercial activities of a society See also macroeconomics microeconomics

  2. (functioning as plural) financial aspects

    the economics of the project are very doubtful
"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
economics Cultural  

  1. The science that deals with the production, distribution, and consumption of commodities.

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Economics is sometimes referred to as the “dismal science.”

Economics is generally understood to concern behavior that, given the scarcity of means, arises to achieve certain ends. When scarcity ceases, conventional economic theory may no longer be applicable. (See affluent society.)

Etymology

Origin of economics

First recorded in 1785–95; economic, -ics

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Prediction markets allow users to wager on events and outcomes in areas from business and economics to pop culture and weather patterns.

From MarketWatch

Near-term catalysts for the stock include improving unit economics, potential Hong Kong Stock Connect inclusion in early June and broader regulatory support, especially in Tier-1 cities, they say.

From The Wall Street Journal

The move, OpenAI said, will give more people the opportunity to “share in the upside economics” of the AI era.

From MarketWatch

The first principle of economics is: Don’t transfer income by distorting prices.

From The Wall Street Journal

Amir Salek, senior managing director at Cerberus Capital Management, said he was convinced PrismML achieved a major mathematical breakthrough with the potential to improve the economics of AI.

From The Wall Street Journal

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.