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 economics economics /ˌiːkəˈnɑːmɪks/

noun

  1. () The branch of social science that deals with the production and distribution and consumption of goods and services and their management  ( economic science , political economy , econ [Informal, American] , economics )
    the branch of social science that deals with the production and distribution and consumption of goods and services and their management
     The college offers a course in economics, which is quite popular among students
    The college offers a course in economics, which is quite popular among students


 economic economic /ˌiːkəˈnɑːmɪk/

adjective

  1. () Of or relating to an economy, the system of production and management of material wealth  ( economical , economic )
    of or relating to an economy, the system of production and management of material wealth
     Economic growth
    economic growth
     Aspects of social, political, and economical life
    aspects of social, political, and economical life
  2. () Of or relating to the science of economics  ( economic )
    of or relating to the science of economics
     Economic theory
    economic theory
  3. () Using the minimum of time or resources necessary for effectiveness  ( economic , economical )
    using the minimum of time or resources necessary for effectiveness
     An economic use of home heating oil
    an economic use of home heating oil
     A modern economical heating system
    a modern economical heating system
     An economical use of her time
    an economical use of her time
  4. Financially rewarding  ( economic )
    financially rewarding
     It was no longer economic to keep the factory open
    it was no longer economic to keep the factory open
     Have to keep prices high enough to make it economic to continue the service
    have to keep prices high enough to make it economic to continue the service
  5. Concerned with worldly necessities of life (especially money)  ( economic )
    concerned with worldly necessities of life (especially money)
     He wrote the book primarily for economic reasons
    he wrote the book primarily for economic reasons
     Gave up the large house for economic reasons
    gave up the large house for economic reasons
     In economic terms they are very privileged
    in economic terms they are very privileged