Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “economics”

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.
(Definition of economics from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of economics?
Add Cambridge dictionaries to your browser to your website

Definitions of “economics” in other dictionaries

Word of the Day

initial

of or at the beginning

Word of the Day

Come on – you can do it! Phrasal verbs with ‘come’.

by Liz Walter​,
November 19, 2014
As part of an occasional series on the tricky subject of phrasal verbs, this blog looks at ones formed with the verb ‘come’. If you are reading this blog, I’m sure you already know come from, as it is one of the first things you learn in class: I come from Scotland/Spain.

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More