economics
nounnounattested in dialogue
- United Kingdom//ˌiːkəˈnɒmɪks//
- United Kingdom//ˌɛ-//
- Canada//ˌɛkəˈnɑmɪks//
The study of resource and wealth allocation, consumption, and distribution, of capital and investment, and of management of the factors of production.
noun
- 1
datedNow chiefly home economics: the art or science of household management, especially relating to the appropriate organization of resources; housekeeping.
Thus Logick, Phyſicks, Metaphyſicks, are the burden of Volumes, and the dayly entertainment of the Diſputing Schools: vvhile the more profitable doctrines of the Heavens, Meteors, Minerals, Animals; as alſo the more practical ones of Politicks, and Oeconomicks, are ſcarce ſo much as glanc'd at.
[H]e now furthermore contrived the scheme of a little Club, where monthly over a frugal dinner some reunion might take place; […] The scheme was approved by the persons concerned: I have a copy of the Original Regulations, probably drawn up by Sterling, a very solid lucid piece of economics; […]
- 2
datedNow chiefly home economics: the art or science of household management, especially relating to the appropriate organization of resources; housekeeping. Management of household finances; also, the financial situation of a household.
Being now turned of sixteen, and the family economics getting yearly more propitious and flourishing, he, as his brother had already been, was sent to Glasgow University, in which city their Mother had connexions.
- 3
The study of resource and wealth allocation, consumption, and distribution, of capital and investment, and of management of the factors of production.
Mary studied economics for five years before going into banking.
The Annals of the French Republic, from the Eſtabliſhment of the Conſtitution of the third Year, 6 vols. 8vo.— […] In the fourth [volume] are military pieces; in the fifth and ſixth, various literary intelligence, and memoranda reſpecting commerce, œconomics, &c. may be found.
[L]et him accept and hive every fact of chemistry, natural history, and economics; the more he has, the less is he willing to spare any one.
But it is characteristic of economics that valuable and interesting work may be performed and steady progress made for many years, and yet that the results will be almost useless for practical purposes until a certain degree of exactness and perfection has been reached. Half-baked theory is not of much value in practice, though it may be half-way towards final perfection.
- 4
The study of resource and wealth allocation, consumption, and distribution, of capital and investment, and of management of the factors of production. Chiefly with a descriptive word: the application of this study to a particular domain.
rural economics
[T]he extraordinary thing is that the "Gibson Paradox"—as we may fairly call it—is one of the most completely established empirical facts within the whole field of quantitative economics, though theoretical economists have mostly ignored it.
- 5
The study of resource and wealth allocation, consumption, and distribution, of capital and investment, and of management of the factors of production. The financial situation of a nation, state, etc.
[T]he oppression has gone far farther than into the economics of Ireland; inwards to her very heart and soul. The Irish National character is degraded, disordered; till this recover itself, nothing is yet recovered.
He assured his father that it would never be well for England until this order of the Peasantry was restored to its pristine condition; […] to its condition in all those moral attributes, which make a recognised rank in a nation; and which in a great degree, are independent of economics; manners, customs, ceremonies, rights, and privileges.
- 6
The study of resource and wealth allocation, consumption, and distribution, of capital and investment, and of management of the factors of production. Chiefly followed by of: the financial aspects of an activity, enterprise, etc.
The economics of running a restaurant are not easy to get right.
Etymology
From economic (noun) (obsolete) + -s (suffix forming pluralia tantum, and regular plural forms of nouns). Economic is derived from Middle English economike, iconomique (“household management”), and then: * from Middle French iconomique, oeconomique, and Old French iconomike (“(noun) household management; person in charge of household management; (adjective) relating to household management; relating to domestic or family matters; relating to management of a state; reducing costs or expenses, economical”) (modern French économique); and * from their etymon Latin oeconomicus (“(noun) household manager, housekeeper, steward; (adjective) relating to orderly arrangement of written material”) (whence Late Latin economicus (“relating to (management of) a household”)), and economica (“household management”), both from Ancient Greek οἰκονομῐκός (oikonomĭkós, “skilled in household management; frugal, thrifty, economical”) (whence Koine Greek οἰκονομῐκός (oikonomĭkós, “relating to orderly arrangement of written material”)); from οἰκονόμος (oikonómos, “master of a house; household manager, steward; administrator, manager”) + -ῐκός (-ĭkós, suffix meaning ‘of or relating to’ forming adjectives). Οἰκονόμος (Oikonómos) is derived from οἶκος (oîkos, “dwelling place, house; estate”) (ultimately from Proto-Indo-European *weyḱ- (“(verb) to enter in; to settle; (noun) settlement”)) + νόμος (nómos, “law, ordinance”) (from νέμω (némō, “to distribute; to possess”) (ultimately from Proto-Indo-European *nem- (“to distribute; to give; to take”)) + -ος (-os, suffix forming o-grade action nouns from verbs)). By surface analysis, econom(y) + -ics (suffix forming nouns denoting fields of knowledge or practice).
noun
- 1
Also a form of economicobsoleteplural of economic (“one who is skilled in household management; (Christianity, historical) one who manages the income of a vacant benefice”).
economics · The study of resource and wealth allocation, consumption, and distribution, of capital and investment, and of management of the factors of production.
economy · The study of money, currency and trade, and the efficient use…ecosystem · A system formed by an ecological community and its…ecstasy · Intense pleasure.