economics Synonyms
No Synonyms and anytonyms found
economics Meaning
economics (n)
the branch of social science that deals with the production and distribution and consumption of goods and services and their management
economics (n.)
The science of household affairs, or of domestic management.
Political economy; the science of the utilities or the useful application of wealth or material resources. See Political economy, under Political.
economics Sentence Examples
- Economics, a multifaceted discipline, seeks to analyze and understand the efficient allocation of scarce resources among alternative uses.
- Macroeconomics focuses on the economy as a whole, encompassing topics such as inflation, unemployment, and economic growth.
- Microeconomics, on the other hand, explores the behavior of individual consumers and producers in markets, analyzing supply and demand, price determination, and market efficiency.
- Economic models, both theoretical and empirical, are invaluable tools for testing hypotheses and predicting economic outcomes.
- Economics intersects with political science in studying political economy, where policies and decisions at the government level affect economic outcomes.
- Behavioral economics explores the psychological aspects that influence economic decision-making, such as cognitive biases and heuristics.
- Environmental economics delves into the complex relationship between the economy and the natural environment, addressing externalities and the impact of economic activity on ecological systems.
- Financial economics examines the functioning of financial markets, analyzing investments, portfolio management, and risk assessment.
- Labor economics explores the dynamics of the labor market, including wage determination, labor supply and demand, and the impact of technology and globalization.
- Economic policies, shaped by economic principles, aim to address issues like poverty, unemployment, inflation, and economic growth, influencing the well-being of individuals and societies.
FAQs About the word economics
the branch of social science that deals with the production and distribution and consumption of goods and services and their managementThe science of household
No synonyms found.
No antonyms found.
Economics, a multifaceted discipline, seeks to analyze and understand the efficient allocation of scarce resources among alternative uses.
Macroeconomics focuses on the economy as a whole, encompassing topics such as inflation, unemployment, and economic growth.
Microeconomics, on the other hand, explores the behavior of individual consumers and producers in markets, analyzing supply and demand, price determination, and market efficiency.
Economic models, both theoretical and empirical, are invaluable tools for testing hypotheses and predicting economic outcomes.
