Associations to the word «Economics»

Wiktionary

ECONOMICS, noun. (social sciences) The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.

Dictionary definition

ECONOMICS, noun. The branch of social science that deals with the production and distribution and consumption of goods and services and their management.

Wise words

To use the same words is not a sufficient guarantee of understanding; one must use the same words for the same genus of inward experience; ultimately one must have one's experiences in common.
Friedrich Nietzsche