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Definition of economics

economics

/ˌɛk.əˈnɑː.mɪks/
ec · o · nom · ics

Adverb:economically
•
Plural:economics
•
Adjective:economic
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economics Lexical Profile

economics Game Scores & Validity

• noun

1

The branch of knowledge and social science concerned with the production, distribution, and consumption of goods, services, and wealth.

Example

"She decided to major in economics to better understand global market trends and fiscal policy."


2

The financial considerations, commercial viability, or material conditions affecting an industry, enterprise, or activity.

Example

"The basic economics of renewable energy have improved dramatically over the past decade."

Synonyms
View all synonyms for economics

Word Nuance & Usage

When referring to the academic field of study, 'economics' takes a singular verb (e.g., 'Economics is a complex discipline'); when referring to the practical financial conditions or factors of a project, it typically takes a plural verb (e.g., 'The economics of the deal are favorable').

• Rhymes for economics

Word Origin & Etymology

Borrowed via Old French and Latin from Ancient Greek 'oikonomikē' (the art of household management), from 'oikos' (house) and 'nomos' (custom, law, or management).

Cite this Entry


Wordmom. (2026). Definition of Economics. In Wordmom Dictionary. Retrieved Nov 5, 2026, from https://wordmom.com/dictionary/economics
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