economics
Now chiefly home economics: the art or science of household management, especially relating to the appropriate organization of resources; housekeeping.
Other meanings
Management of household ; also, the financial situation of a household.
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.”
Synonyms
- economic science
Word history
From Middle English "economike".
Where this comes from
This definition is adapted from “economics” on Wiktionary, by its contributors; related-word lists use Open English WordNet (CC BY 4.0, based on Princeton WordNet), published under CC BY-SA 4.0. This page is published under the same licence.