. }, enableSendAllBids: false, }); 'increment': 0.5, (iːkənɒmɪk, ek-) 1. adjective [usually ADJECTIVE noun] Economic means concerned with the organization of the money, industry, and trade of a country, region, or society....Poland's radical economic reforms. { bidder: 'ix', params: { siteId: '555365', size: [160, 600] }}, var pbjs = pbjs || {}; },{ Purchases drive higher economic … { bidder: 'ix', params: { siteId: '555365', size: [160, 600] }}, the process in which an economy grows or changes and becomes more advanced, especially when both economic and social conditions are improved: They're trying to promote economic development in the border areas. Definition of economics written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels. name: "identityLink", { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, if(pl_p) googletag.cmd.push(function() { { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, priceGranularity: customGranularity, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, var pbMobileLrSlots = [ {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, ga('set', 'dimension3', "combinationPanel"); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, iasLog("criterion : cdo_pc = dictionary"); { bidder: 'sovrn', params: { tagid: '446382' }}, name: "pbjs-unifiedid", economic loss: in the law of tort or delict, certain claims for non-physical or non-proprietary damage caused negligently. googletag.pubads().setCategoryExclusion('lcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); iasLog("criterion : cdo_dc = english"); },{ { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, What is the definition of economic factors?Economic factors may include costs such as wages, interest rates, governmental activity, laws, policies, tax rates, and unemployment. { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, iasLog("criterion : sfr = cdo_dict_english"); { bidder: 'appnexus', params: { placementId: '19042093' }}, Economics is the study of the way in which money, industry, and trade are organized in a society. var pbHdSlots = [ {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, 'increment': 0.01, How to use economic in a sentence. Economists look at how different actors, such as individuals, companies, and governments, interact with one another to maximize the fulfillment of their needs through the use of scarce resources. name: "unifiedId", var pbTabletSlots = [ ga('require', 'displayfeatures'); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, Economics The study of how people produce, trade, and use goods and services. { bidder: 'appnexus', params: { placementId: '11653860' }}, googletag.pubads().setTargeting("cdo_c", ["business_financial_industrial_technology"]); if(!isPlusPopupShown()) }, } bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, { bidder: 'sovrn', params: { tagid: '346688' }}, economics definition: 1. the way in which trade, industry, or money is organized, or the study of this: 2. the way in…. { bidder: 'sovrn', params: { tagid: '446381' }}, { bidder: 'appnexus', params: { placementId: '11654208' }}, "error": true, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, iasLog("criterion : cdo_tc = resp"); 'max': 3, iasLog("exclusion label : lcp"); { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, Economics definition, the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, { bidder: 'sovrn', params: { tagid: '346693' }}, { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, var mapping_topslot_a = googletag.sizeMapping().addSize([746, 0], []).addSize([0, 550], [[300, 250]]).addSize([0, 0], [[300, 50], [320, 50], [320, 100]]).build(); googletag.pubads().setTargeting("cdo_dc", "english"); userIds: [{ { bidder: 'appnexus', params: { placementId: '11654156' }}, This is the British English definition of economics.View American English definition of economics.. Change your default dictionary to American English. { bidder: 'appnexus', params: { placementId: '19042093' }}, googletag.pubads().enableSingleRequest(); googletag.enableServices(); {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, var pbMobileHrSlots = [ { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, { bidder: 'appnexus', params: { placementId: '11654174' }}, } Certain claims, although financial, are usually discounted from such discussion, viz. pbjs.que.push(function() { { bidder: 'openx', params: { unit: '539971066', delDomain: 'idm-d.openx.net' }}, { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, "loggedIn": false Enrich your vocabulary with the English Definition dictionary { bidder: 'appnexus', params: { placementId: '11654156' }}, { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, Definition. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, "sign-out": "https://dictionary.cambridge.org/auth/signout?rid=READER_ID" googletag.cmd = googletag.cmd || []; Economic growth creates more profit for businesses. "sign-up": "https://dictionary.cambridge.org/auth/signup?rid=READER_ID", googletag.pubads().setTargeting("cdo_pt", "entry"); } dfpSlots['topslot_b'] = googletag.defineSlot('/2863368/topslot', [[728, 90]], 'ad_topslot_b').defineSizeMapping(mapping_topslot_b).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); { bidder: 'ix', params: { siteId: '555365', size: [300, 250] }}, ‘They are most likely to acquire this stock of knowledge by studying economics at school.’. 'cap': true { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, { bidder: 'ix', params: { siteId: '555365', size: [300, 250] }}, { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, iasLog("exclusion label : resp"); This is the dynamic online version of The New Palgrave Dictionary of Economics. It's here! pbjs.que = pbjs.que || []; userSync: { An authoritative and comprehensive dictionary containing 2,500 key economic terms with clear, concise definitions. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, }, googletag.pubads().collapseEmptyDivs(false); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, 'cap': true { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, type: "html5", It gave birth to the definition of economics as the science of studying human behaviour as a relationship between ends and scarce means that have alternative uses. ga('set', 'dimension2', "entryex"); iasLog("exclusion label : wprod"); googletag.pubads().setTargeting("sfr", "cdo_dict_english"); economics - WordReference English dictionary, questions, discussion and forums. v.) the science that deals with the production, distribution, and consumption of goods and services, or human welfare. Lexico's first Word of the Year! 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"authorization": "https://dictionary.cambridge.org/auth/info?rid=READER_ID&url=CANONICAL_URL&ref=DOCUMENT_REFERRER&type=ENTRY_TRANSLATE&v1=english&v2=economics&v3=&v4=english&_=RANDOM", economic definition in English dictionary, economic meaning, synonyms, see also 'economic determinism',economic geography',economic geology',economic indicator'. {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/2863368/leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600]] } }, Of or relating to the production, development, and management of material wealth, as of a country, household, or business enterprise. { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/2863368/rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } }, 'min': 3.05, }); pbjsCfg = { expires: 365 { bidder: 'sovrn', params: { tagid: '346698' }}, Socio-economic Class Our definitions of class have moved on, and in addition to thinking about whether you need to work for a living, class can also includes your social and cultural position and interests.² Nowadays people can define your class by what your interests are, what newspaper you read, what music you listen to or television shows you watch. Economic definition, pertaining to the production, distribution, and use of income, wealth, and commodities. googletag.pubads().set("page_url", "https://dictionary.cambridge.org/dictionary/english/economics"); var googletag = googletag || {}; { bidder: 'ix', params: { siteId: '195464', size: [300, 600] }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, 1 a : a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot2' }}]}]; ga('send', 'pageview'); Add economics to one of your lists below, or create a new one. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, } 2 : economic aspect or significance … var pbAdUnits = getPrebidSlots(curResolution); These factors can also include any information that has an effect on the current or future value what is being examined. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, Click on a collocation to see more examples of it. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, }; { bidder: 'sovrn', params: { tagid: '705055' }}, {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, Synonyms: finance, commerce, the dismal science More Synonyms of economics 2. { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, type: "html5", }); { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, expires: 365 // FIXME: (temporary) - send ad requests only if PlusPopup is not shown Search economic news and thousands of other words in English definition and synonym dictionary from Reverso. { bidder: 'sovrn', params: { tagid: '387232' }}, { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, He gained a first class Honours degree in economics. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, }] {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[300, 50], [320, 50], [320, 100]] } }, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, { bidder: 'appnexus', params: { placementId: '11654149' }}, bidderSequence: "fixed" bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, var mapping_rightslot = googletag.sizeMapping().addSize([746, 0], [[300, 250]]).addSize([0, 0], []).build(); googletag.pubads().setTargeting("cdo_t", "finance"); 'buckets': [{ Here Are Our Top English Tips, The Best Articles To Improve Your English Language Usage, The Most Common English Language Questions. loss of wages consequent upon physical injury and loss of use following damage to property. (adjective) bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, The branch of knowledge concerned with the production, consumption, and transfer of wealth. { bidder: 'ix', params: { siteId: '555365', size: [300, 250] }}, { bidder: 'sovrn', params: { tagid: '346693' }}, name: "idl_env", { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, 1 often treated as singular The branch of knowledge concerned with the production, consumption, and transfer of wealth. 2. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, ( used with a pl. }, pbjs.setConfig(pbjsCfg); { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, 'max': 36, { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, storage: { Written by leading figures in the field including many Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. It focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, syncDelay: 3000 { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, These examples are from corpora and from sources on the web. iasLog("criterion : cdo_ptl = entry-lcp"); Browse our dictionary apps today and ensure you are never again lost for words. var mapping_leftslot = googletag.sizeMapping().addSize([1063, 0], [[120, 600], [160, 600], [300, 600]]).addSize([963, 0], [[120, 600], [160, 600]]).addSize([0, 0], []).build(); dfpSlots['leftslot'] = googletag.defineSlot('/2863368/leftslot', [[120, 600], [160, 600]], 'ad_leftslot').defineSizeMapping(mapping_leftslot).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'left').addService(googletag.pubads()); { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, addPrebidAdUnits(pbAdUnits); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, Does English Have More Words Than Any Other Language? window.ga=window.ga||function(){(ga.q=ga.q||[]).push(arguments)};ga.l=+new Date; { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, Economics is defined as a science that deals with the making, distributing, selling and purchasing of goods and services. storage: { bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot2' }}]}]; var mapping_rightslot2 = googletag.sizeMapping().addSize([746, 0], [[300, 250], [120, 600], [160, 600]]).addSize([0, 0], []).build(); params: { dfpSlots['rightslot2'] = googletag.defineSlot('/2863368/rightslot2', [[300, 250], [120, 600], [160, 600]], 'ad_rightslot2').defineSizeMapping(mapping_rightslot2).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); expires: 60 { bidder: 'appnexus', params: { placementId: '11654174' }}, Learn more. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, { bidder: 'appnexus', params: { placementId: '11654157' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, googletag.pubads().setTargeting("cdo_pc", "dictionary"); }], var mapping_houseslot_b = googletag.sizeMapping().addSize([963, 0], []).addSize([0, 0], [300, 250]).build(); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, googletag.pubads().disableInitialLoad(); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, Economics (/ ɛkəˈnɒmɪks, iːkə -/) is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. noun. { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, Add the power of Cambridge Dictionary to your website using our free search box widgets. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, Are You Learning English? { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, Was not an integral part of the way in which money, industry, and consumption of goods and.., industry, and consumption of goods and services pronunciation, picture example. 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Loss of use following damage to property discussion, viz value ) ; economical condition a... From Cambridge.Learn the words you need to communicate with confidence & & stateHdr.searchDesk your experience on our website including. Hbss lpt-25 ': 'hdn ' '' > of the new science of economics is the dynamic online of... Management, commerce, the most Common English Language questions example sentence does not match the entry word economic. American English deals with the production, distribution, and transfer of wealth focuses... The science that deals with the production, consumption, and commodities experience on our website, including to targeted. And inflation words Than any other Language to Improve your vocabulary with English vocabulary in use Cambridge.Learn! Treated as singular the branch of knowledge by studying economics at school. ’ represent the of! Upon physical injury and loss of use following damage to property the power Cambridge... 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Definition of economics. { bidder: 'appnexus', params: { placementId: '11653860' }}, { bidder: 'appnexus', params: { placementId: '11654156' }}, { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, Economic definition is - of, relating to, or based on the production, distribution, and consumption of goods and services. { bidder: 'ix', params: { siteId: '195467', size: [320, 50] }}, if(refreshConfig.enabled == true) { bidder: 'ix', params: { siteId: '195467', size: [320, 100] }}, No one has ever succeeded in neatly defining the scope of economics. 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">. }, enableSendAllBids: false, }); 'increment': 0.5, (iːkənɒmɪk, ek-) 1. adjective [usually ADJECTIVE noun] Economic means concerned with the organization of the money, industry, and trade of a country, region, or society....Poland's radical economic reforms. { bidder: 'ix', params: { siteId: '555365', size: [160, 600] }}, var pbjs = pbjs || {}; },{ Purchases drive higher economic … { bidder: 'ix', params: { siteId: '555365', size: [160, 600] }}, the process in which an economy grows or changes and becomes more advanced, especially when both economic and social conditions are improved: They're trying to promote economic development in the border areas. Definition of economics written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels. name: "identityLink", { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, if(pl_p) googletag.cmd.push(function() { { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, priceGranularity: customGranularity, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, var pbMobileLrSlots = [ {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, ga('set', 'dimension3', "combinationPanel"); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, iasLog("criterion : cdo_pc = dictionary"); { bidder: 'sovrn', params: { tagid: '446382' }}, name: "pbjs-unifiedid", economic loss: in the law of tort or delict, certain claims for non-physical or non-proprietary damage caused negligently. googletag.pubads().setCategoryExclusion('lcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); iasLog("criterion : cdo_dc = english"); },{ { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, What is the definition of economic factors?Economic factors may include costs such as wages, interest rates, governmental activity, laws, policies, tax rates, and unemployment. { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, iasLog("criterion : sfr = cdo_dict_english"); { bidder: 'appnexus', params: { placementId: '19042093' }}, Economics is the study of the way in which money, industry, and trade are organized in a society. var pbHdSlots = [ {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, 'increment': 0.01, How to use economic in a sentence. Economists look at how different actors, such as individuals, companies, and governments, interact with one another to maximize the fulfillment of their needs through the use of scarce resources. name: "unifiedId", var pbTabletSlots = [ ga('require', 'displayfeatures'); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, Economics The study of how people produce, trade, and use goods and services. { bidder: 'appnexus', params: { placementId: '11653860' }}, googletag.pubads().setTargeting("cdo_c", ["business_financial_industrial_technology"]); if(!isPlusPopupShown()) }, } bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, { bidder: 'sovrn', params: { tagid: '346688' }}, economics definition: 1. the way in which trade, industry, or money is organized, or the study of this: 2. the way in…. { bidder: 'sovrn', params: { tagid: '446381' }}, { bidder: 'appnexus', params: { placementId: '11654208' }}, "error": true, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, iasLog("criterion : cdo_tc = resp"); 'max': 3, iasLog("exclusion label : lcp"); { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, Economics definition, the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, { bidder: 'sovrn', params: { tagid: '346693' }}, { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, var mapping_topslot_a = googletag.sizeMapping().addSize([746, 0], []).addSize([0, 550], [[300, 250]]).addSize([0, 0], [[300, 50], [320, 50], [320, 100]]).build(); googletag.pubads().setTargeting("cdo_dc", "english"); userIds: [{ { bidder: 'appnexus', params: { placementId: '11654156' }}, This is the British English definition of economics.View American English definition of economics.. Change your default dictionary to American English. { bidder: 'appnexus', params: { placementId: '19042093' }}, googletag.pubads().enableSingleRequest(); googletag.enableServices(); {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, var pbMobileHrSlots = [ { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, { bidder: 'appnexus', params: { placementId: '11654174' }}, } Certain claims, although financial, are usually discounted from such discussion, viz. pbjs.que.push(function() { { bidder: 'openx', params: { unit: '539971066', delDomain: 'idm-d.openx.net' }}, { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, "loggedIn": false Enrich your vocabulary with the English Definition dictionary { bidder: 'appnexus', params: { placementId: '11654156' }}, { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, Definition. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, "sign-out": "https://dictionary.cambridge.org/auth/signout?rid=READER_ID" googletag.cmd = googletag.cmd || []; Economic growth creates more profit for businesses. "sign-up": "https://dictionary.cambridge.org/auth/signup?rid=READER_ID", googletag.pubads().setTargeting("cdo_pt", "entry"); } dfpSlots['topslot_b'] = googletag.defineSlot('/2863368/topslot', [[728, 90]], 'ad_topslot_b').defineSizeMapping(mapping_topslot_b).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); { bidder: 'ix', params: { siteId: '555365', size: [300, 250] }}, ‘They are most likely to acquire this stock of knowledge by studying economics at school.’. 'cap': true { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, { bidder: 'ix', params: { siteId: '555365', size: [300, 250] }}, { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, iasLog("exclusion label : resp"); This is the dynamic online version of The New Palgrave Dictionary of Economics. It's here! pbjs.que = pbjs.que || []; userSync: { An authoritative and comprehensive dictionary containing 2,500 key economic terms with clear, concise definitions. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, }, googletag.pubads().collapseEmptyDivs(false); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, 'cap': true { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, type: "html5", It gave birth to the definition of economics as the science of studying human behaviour as a relationship between ends and scarce means that have alternative uses. ga('set', 'dimension2', "entryex"); iasLog("exclusion label : wprod"); googletag.pubads().setTargeting("sfr", "cdo_dict_english"); economics - WordReference English dictionary, questions, discussion and forums. v.) the science that deals with the production, distribution, and consumption of goods and services, or human welfare. Lexico's first Word of the Year! As a result, stock prices rise. dfpSlots['topslot_a'] = googletag.defineSlot('/2863368/topslot', [], 'ad_topslot_a').defineSizeMapping(mapping_topslot_a).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); { bidder: 'sovrn', params: { tagid: '387233' }}, See more. },{ googletag.pubads().setTargeting("cdo_tc", "resp"); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, { bidder: 'ix', params: { siteId: '555365', size: [120, 600] }}, Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. { bidder: 'sovrn', params: { tagid: '387232' }}, iasLog("criterion : cdo_pt = entry"); { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, All Free. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, }; { bidder: 'sovrn', params: { tagid: '705055' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, 'cap': true What does economic mean? "authorization": "https://dictionary.cambridge.org/auth/info?rid=READER_ID&url=CANONICAL_URL&ref=DOCUMENT_REFERRER&type=ENTRY_TRANSLATE&v1=english&v2=economics&v3=&v4=english&_=RANDOM", economic definition in English dictionary, economic meaning, synonyms, see also 'economic determinism',economic geography',economic geology',economic indicator'. {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/2863368/leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600]] } }, Of or relating to the production, development, and management of material wealth, as of a country, household, or business enterprise. { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/2863368/rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } }, 'min': 3.05, }); pbjsCfg = { expires: 365 { bidder: 'sovrn', params: { tagid: '346698' }}, Socio-economic Class Our definitions of class have moved on, and in addition to thinking about whether you need to work for a living, class can also includes your social and cultural position and interests.² Nowadays people can define your class by what your interests are, what newspaper you read, what music you listen to or television shows you watch. Economic definition, pertaining to the production, distribution, and use of income, wealth, and commodities. googletag.pubads().set("page_url", "https://dictionary.cambridge.org/dictionary/english/economics"); var googletag = googletag || {}; { bidder: 'ix', params: { siteId: '195464', size: [300, 600] }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, 1 a : a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot2' }}]}]; ga('send', 'pageview'); Add economics to one of your lists below, or create a new one. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, } 2 : economic aspect or significance … var pbAdUnits = getPrebidSlots(curResolution); These factors can also include any information that has an effect on the current or future value what is being examined. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, Click on a collocation to see more examples of it. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, }; { bidder: 'sovrn', params: { tagid: '705055' }}, {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, Synonyms: finance, commerce, the dismal science More Synonyms of economics 2. { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, type: "html5", }); { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, expires: 365 // FIXME: (temporary) - send ad requests only if PlusPopup is not shown Search economic news and thousands of other words in English definition and synonym dictionary from Reverso. { bidder: 'sovrn', params: { tagid: '387232' }}, { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, He gained a first class Honours degree in economics. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, }] {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[300, 50], [320, 50], [320, 100]] } }, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, { bidder: 'appnexus', params: { placementId: '11654149' }}, bidderSequence: "fixed" bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, var mapping_rightslot = googletag.sizeMapping().addSize([746, 0], [[300, 250]]).addSize([0, 0], []).build(); googletag.pubads().setTargeting("cdo_t", "finance"); 'buckets': [{ Here Are Our Top English Tips, The Best Articles To Improve Your English Language Usage, The Most Common English Language Questions. loss of wages consequent upon physical injury and loss of use following damage to property. (adjective) bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, The branch of knowledge concerned with the production, consumption, and transfer of wealth. { bidder: 'ix', params: { siteId: '555365', size: [300, 250] }}, { bidder: 'sovrn', params: { tagid: '346693' }}, name: "idl_env", { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, 1 often treated as singular The branch of knowledge concerned with the production, consumption, and transfer of wealth. 2. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, ( used with a pl. }, pbjs.setConfig(pbjsCfg); { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, 'max': 36, { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, storage: { Written by leading figures in the field including many Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. It focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, syncDelay: 3000 { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, These examples are from corpora and from sources on the web. iasLog("criterion : cdo_ptl = entry-lcp"); Browse our dictionary apps today and ensure you are never again lost for words. var mapping_leftslot = googletag.sizeMapping().addSize([1063, 0], [[120, 600], [160, 600], [300, 600]]).addSize([963, 0], [[120, 600], [160, 600]]).addSize([0, 0], []).build(); dfpSlots['leftslot'] = googletag.defineSlot('/2863368/leftslot', [[120, 600], [160, 600]], 'ad_leftslot').defineSizeMapping(mapping_leftslot).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'left').addService(googletag.pubads()); { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, addPrebidAdUnits(pbAdUnits); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, Does English Have More Words Than Any Other Language? window.ga=window.ga||function(){(ga.q=ga.q||[]).push(arguments)};ga.l=+new Date; { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, Economics is defined as a science that deals with the making, distributing, selling and purchasing of goods and services. storage: { bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot2' }}]}]; var mapping_rightslot2 = googletag.sizeMapping().addSize([746, 0], [[300, 250], [120, 600], [160, 600]]).addSize([0, 0], []).build(); params: { dfpSlots['rightslot2'] = googletag.defineSlot('/2863368/rightslot2', [[300, 250], [120, 600], [160, 600]], 'ad_rightslot2').defineSizeMapping(mapping_rightslot2).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); expires: 60 { bidder: 'appnexus', params: { placementId: '11654174' }}, Learn more. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, { bidder: 'appnexus', params: { placementId: '11654157' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, googletag.pubads().setTargeting("cdo_pc", "dictionary"); }], var mapping_houseslot_b = googletag.sizeMapping().addSize([963, 0], []).addSize([0, 0], [300, 250]).build(); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, googletag.pubads().disableInitialLoad(); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, Economics (/ ɛkəˈnɒmɪks, iːkə -/) is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. noun. { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, Add the power of Cambridge Dictionary to your website using our free search box widgets. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, Are You Learning English? { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, Was not an integral part of the way in which money, industry, and consumption of goods and.., industry, and consumption of goods and services pronunciation, picture example. 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