Definition of economics


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ec·o·nom·ics  audio  (k-nmks, k-) KEY 

NOUN:
  1. (used with a sing. verb) The social science that deals with the production, distribution, and consumption of goods and services and with the theory and management of economies or economic systems.
  2. (used with a sing. or pl. verb) Economic matters, especially relevant financial considerations: "Economics are slowly killing the family farm" (Christian Science Monitor).



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