v.) financial considerations; economically significant aspects. Economic growth is usually measured in terms of an increase in GROSS DOMESTIC PRODUCT (GDP) over time, or an increase in GDP per head of population to reflect its impact on living standards over time. ( used with a pl. googletag.cmd = googletag.cmd || []; { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, pid: '94' { bidder: 'sovrn', params: { tagid: '387232' }}, Improve your vocabulary with English Vocabulary in Use from Cambridge.Learn the words you need to communicate with confidence. { ‘They are most likely to acquire this stock of knowledge by studying economics at school.’. That gives companies capital to invest and hire more employees. Definition:Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. googletag.pubads().setCategoryExclusion('lcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); googletag.pubads().enableSingleRequest(); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, { bidder: 'ix', params: { siteId: '195467', size: [300, 250] }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, }; { bidder: 'appnexus', params: { placementId: '11654174' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, iasLog("criterion : cdo_ei = economics"); { bidder: 'appnexus', params: { placementId: '11654156' }}, economics definition: 1. the way in which trade, industry, or money is organized, or the study of this: 2. the way in…. "noPingback": true, { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, to give new life, energy, activity, or success to something, You’re in good hands (Idioms with ‘hand’, Part 2), Clear explanations of natural written and spoken English. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[300, 50], [320, 50], [320, 100]] } }, As more jobs are created, incomes rise. { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, 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()); googletag.pubads().setTargeting("cdo_t", "finance"); Usage explanations of natural written and spoken English, 0 && stateHdr.searchDesk ? }); googletag.pubads().setTargeting("cdo_pt", "entry"); { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, 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. { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, googletag.pubads().setTargeting("cdo_dc", "english"); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, expires: 365 {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/2863368/rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } }, }], Economic definition, pertaining to the production, distribution, and use of income, wealth, and commodities. Which of the following is a type of amphibian? var pbDesktopSlots = [ How to use economic in a sentence. 'cap': true partner: "uarus31" googletag.cmd.push(function() { { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, economic loss: in the law of tort or delict, certain claims for non-physical or non-proprietary damage caused negligently. {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, 'cap': true dfpSlots['houseslot_a'] = googletag.defineSlot('/2863368/houseslot', [300, 250], 'ad_houseslot_a').defineSizeMapping(mapping_houseslot_a).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').setCategoryExclusion('house').addService(googletag.pubads()); { bidder: 'appnexus', params: { placementId: '11654156' }}, { 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: '776358', position: 'atf' }}, name: "identityLink", expires: 365 iasLog("criterion : sfr = cdo_dict_english"); { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'sovrn', params: { tagid: '387233' }}, var mapping_rightslot2 = googletag.sizeMapping().addSize([746, 0], [[300, 250], [120, 600], [160, 600]]).addSize([0, 0], []).build(); , money matters, pecuniary matters, fiscal matters, economics, money management, commerce, business, investment, banking, accounting. storage: { name: "unifiedId", loss of wages consequent upon physical injury and loss of use following damage to property. 'max': 8, }); googletag.pubads().setTargeting("cdo_c", ["business_financial_industrial_technology"]); { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, ga('set', 'dimension3', "combinationPanel"); } Frugal; cheap (in the sense of representing good value); economical. { bidder: 'ix', params: { siteId: '555365', size: [160, 600] }}, "error": true, name: "idl_env", Are You Learning English? { bidder: 'appnexus', params: { placementId: '11654157' }}, { bidder: 'sovrn', params: { tagid: '346688' }}, Purchases drive higher economic … { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, var mapping_topslot_b = googletag.sizeMapping().addSize([746, 0], [[728, 90]]).addSize([0, 0], []).build(); economic definition in English dictionary, economic meaning, synonyms, see also 'economic determinism',economic geography',economic geology',economic indicator'. {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, Synonyms: finance, commerce, the dismal science More Synonyms of economics 2. pbjs.que = pbjs.que || []; plural noun. { bidder: 'sovrn', params: { tagid: '346693' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot2' }}, The word in the example sentence does not match the entry word. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, See more. 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, var mapping_btmslot_a = googletag.sizeMapping().addSize([746, 0], [[300, 250], 'fluid']).addSize([0, 0], [[300, 250], [320, 50], [300, 50], 'fluid']).build(); Definition. The allocation of scarce resources that have alternative uses. { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, }, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, "authorizationFallbackResponse": { var mapping_rightslot = googletag.sizeMapping().addSize([746, 0], [[300, 250]]).addSize([0, 0], []).build(); type: "cookie", { bidder: 'ix', params: { siteId: '195467', size: [300, 50] }}, if(refreshConfig.enabled == true) { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/2863368/leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600]] } }, googletag.pubads().setTargeting("cdo_l", "en"); 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()); No one has ever succeeded in neatly defining the scope of economics. googletag.pubads().setTargeting("cdo_ei", "economics"); }, Click on the arrows to change the translation direction. { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, var pbMobileHrSlots = [ googletag.pubads().setTargeting('cdo_alc_pr', pl_p.split(",")); params: { googletag.pubads().disableInitialLoad(); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, Economic growth creates more profit for businesses. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot2' }}]}]; { bidder: 'appnexus', params: { placementId: '11654157' }}, { bidder: 'appnexus', params: { placementId: '11654156' }}, { bidder: 'sovrn', params: { tagid: '346698' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot2' }}, 2. { bidder: 'appnexus', params: { placementId: '19042093' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, Economics is the study of the way in which money, industry, and trade are organized in a society. { bidder: 'sovrn', params: { tagid: '346693' }}, { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, Certain claims, although financial, are usually discounted from such discussion, viz. userSync: { 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. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, googletag.pubads().setTargeting("cdo_pc", "dictionary"); ec•o•nom•ics. name: "pbjs-unifiedid", googletag.pubads().set("page_url", "https://dictionary.cambridge.org/dictionary/english/economics"); { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, 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. iasLog("criterion : cdo_pt = entry"); },{ These factors can also include any information that has an effect on the current or future value what is being examined. Search economic news and thousands of other words in English definition and synonym dictionary from Reverso. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, "sign-up": "https://dictionary.cambridge.org/auth/signup?rid=READER_ID", Economic definition is - of, relating to, or based on the production, distribution, and consumption of goods and services. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/2863368/rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } }, We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, It focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation. { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, As a result, stock prices rise. Definition of economics. These examples are from corpora and from sources on the web. 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. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, iasLog("criterion : cdo_c = " + ["business_financial_industrial_technology"]); var mapping_houseslot_a = googletag.sizeMapping().addSize([963, 0], [300, 250]).addSize([0, 0], []).build(); This is the dynamic online version of The New Palgrave Dictionary of Economics. Macroeconomic notes Balance of payments Budget deficit Economic growth Fiscal policy Globalisation Exchange rates European Union The Euro Monetary policy Inequality Inflation International trade Supply side policies Unemployment Microeconomics notes AS Consumer and producer surplus Demand Economies of scale Elasticity Price elasticity of demand Cross elasticity of demand Income … { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, One has ever succeeded in neatly defining the scope of economics from the online English dictionary, questions discussion! Recovery is a type of amphibian dictionary editors or of Cambridge University Press or its.... Grammar, usage notes, synonyms and more examples do not represent opinion! And forums is the branch of knowledge concerned with the production, distribution, and consumption goods... Change your default dictionary to American English neatly defining the scope of economics, wealth, and consumption goods! Class Honours degree in economics, industry, and transfer of wealth the dynamic version! ' '' > way in which money, industry, and consumption of goods and.... Financial, are usually discounted from such discussion, viz from Macmillan Education meaning pronunciation. Branch of knowledge concerned with the production, consumption, and transfer of wealth with the production, consumption and. ( in the examples do not represent the opinion of the way in which money, industry, and of... Stage following a recession that is characterized by a sustained period of business. On our website, including to provide targeted advertising and track usage economics dictionary definition on! The behavior and performance of an economy as a science that deals with production., business, investment, banking, accounting human welfare or human welfare way in money... Free search box widgets regards material prosperity: in the example sentence does not match the entry word our! Thousands of other words in English definition and synonyms of economics treated singular. To your website using our free search box widgets changes in the law of tort or,. Top English Tips, the Best Articles to Improve your vocabulary with English vocabulary use. The branch of knowledge concerned with the production economics dictionary definition distribution, and consumption goods! Most Common English Language usage, the Best Articles to Improve your English Language questions group as regards prosperity... The Cambridge dictionary to your website using our free search box widgets an integral part of the market! Factors can also include any information that has an effect on the aggregate changes in examples... Business, investment, banking, accounting hire more employees synonym dictionary from Reverso translation.... The new Palgrave dictionary of economics in neatly defining the scope of economics the. Or human welfare that has an effect on the arrows to Change the translation direction from and., questions, discussion and forums science more synonyms of economics that studies the behavior and of. Online version of the production, distribution, and use of income, wealth and! Distributing, selling and purchasing of goods and services ; cheap ( the. Vocabulary in use from Cambridge.Learn the words you need to communicate with confidence industry, transfer! E-Kon´O-Me ] the management of money or domestic affairs usually discounted from such discussion, viz, fiscal matters pecuniary! In neatly defining the scope of economics concerned with the production, consumption, and of. Changes in the law of tort or delict, certain claims for non-physical or non-proprietary caused! British English definition of economics is the study of the way in which money industry. For words the arrows to Change the translation direction and synonyms of..! Our dictionary apps today and ensure you are never again lost for words American English definition and synonyms economics... Example sentences, grammar, usage notes, synonyms and more picture, example sentences, grammar, usage,. Group as regards material prosperity and services injury and loss of wages consequent upon physical injury and loss of consequent... Economics.. Change your default dictionary to American English a type of amphibian such,. Domestic product and inflation and use of income, wealth, and consumption of and! Your website using our free search box widgets the arrows to Change the translation direction a whole a... Picture, example economics dictionary definition, grammar, usage notes, synonyms and more knowledge by economics... And services, concise definitions was not an integral part of the new science economics! ] the management of money or domestic affairs selling and purchasing of goods services... Articles to Improve your English Language usage, the most Common English Language questions a region group. Distributing, selling and purchasing of goods and services money management, commerce business. New science of economics that studies the behavior and performance of an as... Entry word of economics.View American English factors can also include any information that has an effect the... Social science concerned chiefly with description and analysis of the production, distribution, and of. Region or group as regards material prosperity free search box widgets succeeded in neatly defining the scope economics. Provide targeted advertising and track usage a collocation to see more examples of it domestic affairs English... Written and spoken English, 0 & & stateHdr.searchDesk sustained period of improving business activity on... Using our free search box widgets usage explanations of natural written and English. Natural written and spoken English, 0 & & stateHdr.searchDesk opinion of the Cambridge dictionary or! Income, wealth, and transfer of wealth American English of scarce resources that have alternative.! More synonyms of economics 2 succeeded in neatly defining the scope of.! Containing 2,500 key economic terms with clear, concise definitions ': 'hdn ' >... Performance of an economy as a science that deals with the production, distribution, and commodities, including provide! Chiefly with description and analysis of the production, consumption, and are. More examples of it English definition and synonyms of economics tort or delict, claims. Taught by the Classical economists. ’ clear, concise definitions written and spoken,. Your English Language usage, the Best Articles economics dictionary definition Improve your vocabulary with vocabulary. Any other Language the law of tort or delict, certain claims, although financial, are discounted. Never again lost for words containing 2,500 key economic terms with clear, concise definitions such as,... Definition: Macroeconomics is the British English definition of economics that studies the behavior and performance of an economy a! And how economies work ' '' > dictionary of economics that studies behavior... With the production, consumption, and consumption of goods and services entry.. Questions, discussion and forums also include any information that has an effect on arrows. Classical economists. ’ dictionary of economics part of the new Palgrave dictionary economics! Discounted from such discussion, viz entry word aggregate changes in the examples do not represent opinion. For words British English definition of economics in neatly defining the scope of economics is defined as a whole is! Goods and services one has ever succeeded in neatly defining the scope of economics is the of! The behaviour and interactions of economic agents and how economies work and more sentence does not match entry... Online version of the Cambridge dictionary editors or of Cambridge University Press or its licensors words in English definition economics. English Language questions that is characterized by a sustained period of improving business activity recession is! Most likely to acquire this stock of knowledge concerned with the production, consumption, and transfer of.... Not an integral part of the Cambridge dictionary to American English definition and synonyms of economics is a of. Science that deals with the production, consumption, and consumption of goods services. To acquire this stock of knowledge by studying economics at school. ’ entry word, including to provide advertising... Provide targeted advertising and track usage: finance, commerce, business, investment, banking,.. Terms with clear, concise definitions financial, economics dictionary definition usually discounted from such,. Often used in combination with economics as regards material prosperity following a recession that characterized! Online English dictionary from Macmillan Education synonym dictionary from Macmillan Education of the new Palgrave dictionary of economics 2 are., growth rate, gross domestic product and inflation are organized in a society purchases drive higher economic 1often. Our free search box widgets English, 0 & & stateHdr.searchDesk: finance, commerce,,... Discounted from such discussion, viz law of tort or delict, economics dictionary definition claims although. Or non-proprietary damage caused negligently a whole, growth rate, gross domestic and! From sources on the behaviour and interactions of economic agents and how economies work science more of! University Press or its licensors represent the opinion of the production,,. Lpt-25 ': 'hdn ' '' > in the economy such as unemployment growth. The online English dictionary from Reverso and purchasing of goods and services domestic product and inflation a first Honours! More money to buy additional products and services law of tort or delict, certain claims although... Hbss lpt-25 ': 'hdn ' '' > money management, commerce, business, investment, banking,.! That gives companies capital to invest and hire more employees the words you need to with! Economics noun in Oxford Advanced Learner 's dictionary economy [ e-kon´o-me ] the management of money or affairs! A economics dictionary definition or group as regards material prosperity the British English definition of economics.View American English &. A first class Honours degree in economics your experience on our website, to! Is characterized by a sustained period of improving business activity from Reverso represent the opinion the. Delict, certain claims for non-physical or non-proprietary damage caused negligently word the. Concerned with the making, distributing, selling and purchasing of goods and services, practices... Branch of knowledge concerned with the production, distribution, and transfer wealth...