economics definition

  • noun:
    • The personal science that addresses the production, circulation, and use of products or services along with the theory and management of economies or economic systems.
    • Financial issues, specifically relevant financial considerations: "Economics tend to be gradually killing your family farm” ( Christian Science Monitor).
    • the analysis of resource allocation, circulation and consumption; of capital and financial investment; as well as management of the elements of manufacturing.
    • The research of household affairs, or of domestic management.
    • Political economic climate; the science for the utilities and/or helpful application of wide range or material sources; the analysis associated with manufacturing, distribution, and usage of products or services of a nation or region, and its own influence on the wealth of a country. See Governmental economy, under Political.
    • The technology of home or domestic administration.
    • The research which treats of wide range, its production, circulation, etc.; governmental economy.
    • the part of social technology that handles the production and circulation and consumption of goods and services and their administration

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