Definition of “economics” - English Dictionary

“economics” in British English

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economicsnoun [ U ]

uk /ˌiː.kəˈnɒm.ɪks/ /ek.əˈnɒm.ɪks/ us /ˌiː.kəˈnɑː.mɪks/ /ek.əˈnɑː.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 studying economics at York University.

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(Definition of “economics” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“economics” in American English

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economicsnoun [ U ]

us /ˌI·kəˈnɑm·ɪks, ˌek·ə-/

social studies the scientific study of the system by which a country’s wealth is made and used

(Definition of “economics” from the Cambridge Academic Content Dictionary © Cambridge University Press)

“economics” in Business English

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economicsnoun

uk /ˌiːkəˈnɒmɪks/ us

[ 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.

[ 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)