economics

CEFRB1

/ˌiːkəˈnɒmɪks/

noun

Türkçe translations

Translating…

In plain English

  1. 01

    noun

    The study of how money, goods, and resources are produced and used.

  2. 02

    noun

    Extra detail

    Now chiefly home economics: the art or science of household management, especially relating to the appropriate organization of resources; housekeeping., Management of household finances; also, the financial situation of a household.

Examples

  • He studied politics and economics at Yale.

  • If they admit me to the university, I think I will major in economics.

At a glance

Sits at B1 on the CEFR scale

Senses
5
Parts of speech
1
Citations
5
Synonyms
5

Also pronounced

  • /ˌɛkəˈnɑmɪks/
  • /ˌi-/

Deep Dive

noun

Extra meanings

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

  2. Now chiefly home economics: the art or science of household management, especially relating to the appropriate organization of resources; housekeeping.

  3. Management of household finances; also, the financial situation of a household.

More examples

In context

  • While employed at the bank, he taught economics at college.

  • Mary studied economics for five years before going into banking.

  • The economics of running a restaurant are not easy to get right.

Synonyms

Quick test

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She studied blank in college to understand how markets and money work.

Practise this properly in the app, where the word comes back before you forget it.

Nearby

Origin

noun

From economic (noun) (obsolete) + -s (suffix forming pluralia tantum, and regular plural forms of nouns). Economic is derived from Middle English economike, iconomique (“household management”), and then: * from Middle French iconomique, oeconomique, and Old French iconomike (“(noun) household management; person in charge of household management; (adjective) relating to household management; relating to domestic or family matters; relating to management of a state; reducing costs or expenses, economical”) (modern French économique); and * from their etymon Latin oeconomicus (“(noun) household manager, housekeeper, steward; (adjective) relating to orderly arrangement of written material”) (wh...