ECONOMICS • DICTIONARY ONE.COM • Definition of Economics

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/ˌɛkənˈɑmɪks/ /ˌikənˈɑmɪks/ Listen

noun

Economics n.

The science of household affairs, or of domestic management.

Political economy; the science of the utilities or the useful application of wealth or material resources; the study of the production, distribution, and consumption of goods and services of a nation or region, and its effect on the wealth of a country. See Political economy, under Political. "In politics and economics."

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Etymology of 'Economics'

Collaborative International Dictionary of English 0.48

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"Economics" Quotes from Famous Books

... Economics exchange is exactly balanced by the respective advantages of the exchangers; just as in pure dynamics you have the parallelogram of forces. In the immense complexity of the real world material, friction, and a million other things affect the ideal parallelogram of forces; ...

— The Free Press • Hilaire Belloc

... on that point; I know more economics than you, and I say that but for the railways the small towns would have gone to pieces. There never yet was a civilisation growing richer and improving its high roads in which the small towns did not dwindle. The village supplied ...

— On Nothing & Kindred Subjects • Hilaire Belloc

... opportunity for those who love horticulture to take exercise in the flower and vegetable garden attached to the institution, and such as wished might be assigned little plots of ground whose management and produce should exclusively belong to them. Looking for a moment from the therapeutics to the economics of the matter, I can see no reason why the house might not rely largely upon itself for at least its summer vegetables and its fruit—if the poorer patients were permitted to pay part of their dues, when they so elected and the exertion was not too much for them, by taking care of the ...

— The Opium Habit • Horace B. Day

... easily be arranged under collective organisation of industry, with all the economies of effort which co-operation would effect, cannot be secured under capitalism. That surely should be obvious to all who call themselves Socialists and who have even a passing acquaintance with economics; otherwise, why the necessity of the Co-operative Commonwealth? Socialist policy towards the trade unions should be, in short, not their capture for political purposes, nor their upset for Bolshevist phantasies, but one of educating the trade ...

— Bolshevism: A Curse & Danger to the Workers • Henry William Lee

... my mother and her grief at the loss of the feather beds turned a careless boy into a serious money-maker. This led to the study of economics and finance. A man's destiny is often made ...

— The Iron Puddler • James J. Davis

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