economics

English

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Etymology

From economy, from Latin oeconomia, from Ancient Greek οἰκονομία (oikonomia, management of a household, administration), from οἶκος (oikos, house) + νόμος (nomos, law).

Pronunciation

Noun

economics (uncountable)

  1. (social sciences) The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.

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Last modified on 18 May 2013, at 10:01