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English definition of “economics”

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economics

noun
 
 
/ˌiːkəˈnɒmɪks/
[U] ECONOMICS the study of the way in which economies work, for example, the way in which they make money and produce and distribute goods and services: One of the laws of economics is that today's shortage is tomorrow's glut. He has a degree in economics. She's economics professor/professor of economics at the University of Berkeley. →  See also applied economics , classical economics , development economics , financial economics , global economics , industrial economics , information economics , labour economics , macroeconomics , mathematical economics , microeconomics , supply-side economics , welfare economics
[plural] FINANCE business activities considered from a financial point of view, and whether or not products or services are likely to make a profit: Energy policy must be built on economics if it is to succeed. We are trying to change the economics of the digital business to let consumers benefit.
Translations of “economics”
in Korean 경제학…
in Arabic عِلم الاقتِصاد…
in Portuguese economia…
in Catalan (ciències) econòmiques…
in Japanese 経済学…
in Italian economia, scienze economiche…
in Chinese (Traditional) 經濟狀況, 經濟因素, 經濟學…
in Russian экономика (наука)…
in Turkish ekonomi/iktisat bilimi…
in Chinese (Simplified) 经济状况, 经济因素, 经济学…
in Polish ekonomia…
(Definition of economics from the Cambridge Business English Dictionary © Cambridge University Press)
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