Definition of economics

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< economic rent

economist >

ec·o·nom·ics

(

-n

ks,

-) KEY

NOUN:

(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.
(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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The American Heritage® Dictionary of the English Language, Fourth Edition.
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