Meaning
The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.
Synonyms
economic science
consumer education
economical affairs
economical questions
pecuniary condition
Translations
Frequency
Pronounced as (IPA)
/ˌikəˈnɑmɪks/
Etymology
From econom(y) + -ics, from Latin oeconomia, from Ancient Greek οἰκονομία (oikonomía, “the management of a household”).
Notes
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