Economics

Economics
Economics E`co*nom"ics ([=e]`k[o^]*n[o^]m"[i^]ks), n. [Gr. ta` o'ikonomika`, equiv. to "h o'ikonomi`a. See {Economic}.] 1. The science of household affairs, or of domestic management. [1913 Webster]

2. Political economy; the science of the utilities or the useful application of wealth or material resources; the study of the production, distribution, and consumption of goods and services of a nation or region, and its effect on the wealth of a country. See {Political economy}, under {Political}. ``In politics and economics.'' --V. Knox. [1913 Webster +PJC]


The Collaborative International Dictionary of English. 2000.

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