Definition of Economics:
The theories, principles, and models that deal with how the market process works. It attempts to explain how wealth is created and distributed in communities, how people allocate resources that are scarce and have many alternative uses, and other such matters that arise in dealing with human wants and their satisfaction.
The condition of a region or group as regards material prosperity.
The branch of knowledge concerned with the production, consumption, and transfer of wealth.
Synonyms of Economics
Financial affairs, Money matters, Pecuniary matters, Fiscal matters, Economics, Money management, Commerce, Business, Investment, Banking, Accounting, Keynesian economics, Keynesianism, Lombard Street, Wall Street banking, Classical economics, Dynamic economics, Econ, Econometrics, Economic determinism, Economic man, Economic science, Economism, Finance, Finances, High finance, International banking, Investment banking, Money matters, Plutology, Political economy, The dismal science, Theoretical economics, World of finance
How to use Economics in a sentence?
- Many students who pursue a career in business must study economics to help better understand why businesses make certain decisions based on the current economic state.
- They are most likely to acquire this stock of knowledge by studying economics at school.
- He wanted to improve his management skills by enrolling in business college, but simple economics made him realize that he couldnt go to classes and make enough money to provide for his family at the same time.
- An ever popular field of study for undergraduate students is economics because many students have post-grad Wall street aspirations, however, few economic majors actually end up on Wall Street in the end.
Meaning of Economics & Economics Definition