economics
Americannoun
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(used with a singular verb) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.
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(used with a plural verb) financial considerations; economically significant aspects.
What are the economics of such a project?
noun
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(functioning as singular) the social science concerned with the production and consumption of goods and services and the analysis of the commercial activities of a society See also macroeconomics microeconomics
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(functioning as plural) financial aspects
the economics of the project are very doubtful
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Economics is sometimes referred to as the “dismal science.”
Economics is generally understood to concern behavior that, given the scarcity of means, arises to achieve certain ends. When scarcity ceases, conventional economic theory may no longer be applicable. (See affluent society.)
Etymology
Origin of economics
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
A surge in domestic natural gas supplies unleashed by the shale boom undercut coal’s economics, as did cheap renewables, while state environmental policies accelerated the shift away from coal.
Also, a 2021 study published by the National Bureau of Economic Research documented hostile environments in economics seminars, with female presenters experiencing more interruptions and encountering more patronizing behavior.
From Salon
In spring 2019, lackluster farming economics turned around as flooding prevented many farmers from planting crops.
“The bottom line is the numbers don’t come close to adding up,” said Kent Smetters, an economics and public policy professor at the University of Pennsylvania’s Wharton School.
This approach, according to the economics of illegal markets, is almost certainly making the problem worse.
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
