economics Meaning, Definition & Usage

  1. noun the branch of social science that deals with the production and distribution and consumption of goods and services and their management
    economic science; political economy.

WordNet

E`co*nom"ics noun
Etymology
Gr. , equiv. to . See Economic.
Definitions
  1. The science of household affairs, or of domestic management.
  2. Political economy; the science of the utilities or the useful application of wealth or material resources. See Political economy, under Political. "In politics and economics." V. Knox.

Webster 1913