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  2. Dictionary

    ec·o·nom·ics
    [ˌekəˈnämiks, ˌēkəˈnämiks]
    noun
    economics (noun) · economics (plural noun)
    1. the branch of knowledge concerned with the production, consumption, and transfer of wealth.
      Similar:
      financial affairs
      money matters
      pecuniary matters
      fiscal matters
      money management
    2. the condition of a region or group as regards material prosperity:
      "he is responsible for the island's modest economics"
    Origin
    mid 16th century (denoting the science of household management): from economic + the plural suffix -s, originally on the pattern of Greek ta oikonomika (plural), the name of a treatise by Aristotle. Current senses date from the mid 18th century.
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  3. People also ask
    What does economics mean?Economics ( / ˌɛkəˈnɒmɪks, ˌiːkə -/) is a social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.
    en.wikipedia.org
    What are the top 4 definitions of Economics?The following points highlight the top four definitions of Economics. The definitions are: 1. General Definition of Economics 2. Adam Smith’s Wealth Definition 3. Marshall’s Welfare Definition 4. Robbins’ Scarcity Definition. 1. General Definition of Economics:
    What does oeconomick mean?earlier oeconomicks "science or art of managing a household" from oeconomick, economike in same sense (Middle English iconomique, borrowed from Middle French yconomique, borrowed from Medieval Latin economica, feminine singular or neuter plural of oeconomicus "relating to the management of a household") + -ics — more at economic
    Where did the term 'economy' come from?The term is ultimately derived from Ancient Greek οἰκονομία ( oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός ( oikonomikos ), or "household or homestead manager". Derived terms such as "economy" can therefore often mean "frugal" or "thrifty".
    en.wikipedia.org
     
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