ECONOMICS

economics, economic science, political economy

(noun) the branch of social science that deals with the production and distribution and consumption of goods and services and their management

Source: WordNet® 3.1


Etymology

Noun

economics (uncountable)

(social sciences) The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.

Synonyms

• dismal science

• See also economics

Anagrams

• neocosmic

Source: Wiktionary


E`co*nom"ics, n. Etym: [Gr. Economic.]

1. The science of household affairs, or of domestic management.

2. Political economy; the science of the utilities or the useful application of wealth or material resources. See Political economy, under Political. "In politics and economics." V. Knox.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

5 July 2024

FENESTRATION

(noun) surgical procedure that creates a new fenestra to the cochlea in order to restore hearing lost because of osteosclerosis


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Coffee Trivia

According to Guinness World Records, the largest coffee shop is the Al Masaa Café, which has 1,050 seats. The coffee shop was inaugurated in Riyadh, Saudi Arabia, on 13 August 2014.

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