26984 words

economics

4 definitions • 7 examples
1
the way in which trade, industry, or money is organized, or the study of this:

Examples:

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.
2
the scientific study of the system by which a country’s wealth is made and used
3
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:

Examples:

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.
4
business activities considered from a financial point of view, and whether or not products or services are likely to make a profit:

Examples:

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.

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