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English definition of “economics”

economics

noun [U] uk   /ˌiː.kəˈnɒm.ɪks/ /ek.ə-/ us    /-ˈnɑː.mɪks/
B1 the way in which trade, industry, or money is organized, or the study of this: Their ideas sound fine in principle but they haven't worked out the economics behind the policies. She's in her third year of economics at York University.Economics and the state of the economy
(Definition of economics from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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