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- Dictionaryeconomics/ˌiːkəˈnɒmɪks/
plural
- 1. the branch of knowledge concerned with the production, consumption, and transfer of wealth.
- 2. the condition of a region or group as regards material prosperity: "he is responsible for the island's modest economics"
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Jun 28, 2024 · Economics is a social science that studies how people allocate scarce resources for production, distribution, and consumption. Learn about the branches, indicators, and systems of economics, and how they affect individuals, businesses, and nations.
Economics ( / ˌɛkəˈnɒmɪks, ˌiːkə -/) [1] [2] is a social science that studies the production, distribution, and consumption of goods and services. [3] [4] Economics focuses on the behaviour and interactions of economic agents and how economies work.
Britannica Money is a website that covers various aspects of personal finance, investing, and retirement. It does not provide a definition of economics or explain the field of study.
Economics is the scientific study of the system by which a country’s wealth is made and used, or the way in which economies work. Learn more about the meaning, history, branches, and applications of economics with Cambridge Dictionary.
Economics is a social science that examines how people choose among the alternatives available to them. It involves the concepts of scarcity, choice, and opportunity cost, and answers the fundamental questions of what, how, and for whom to produce.
Learn the origin, usage, and examples of the word economics, a social science that studies the production, distribution, and consumption of goods and services. Find out the difference between economics and related terms such as geo-economics, home economics, and supply-side economics.
In this video, we introduce the field of economics using quotes from the person that many consider to be the "father" of economics: Adam Smith. Topics include the definition of economics, microeconomics, and macroeconomics as a field and the role of assumptions in economic decisionmaking. Created by Sal Khan.
