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economics

Definitions


[ˌɛkəˈnɒmɪks], (Noun)

Definitions:
- the branch of knowledge concerned with the production, consumption, and transfer of wealth

- the condition of a region or group as regards material prosperity
(e.g: he is responsible for the island's modest economics)


Phrases:

Origin:
mid 16th century (denoting the science of household management): from economic + the plural suffix -s, originally on the pattern of Greek ta oikonomika (plural), the name of a treatise by Aristotle. Current senses date from the mid 18th century




definition by Oxford Dictionaries




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