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

13 January 2025

SOAK

(noun) the process of becoming softened and saturated as a consequence of being immersed in water (or other liquid); “a good soak put life back in the wagon”


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Coffee Trivia

Decaffeinated coffee is not caffeine-free. Studies from the National Institute of Health (US) have shown that virtually all decaf coffee types contain caffeine. A 236-ml (8-oz) cup of decaf coffee contains up to 7 mg of caffeine, whereas a regular cup provided 70-140 mg.

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