(noun) “[T]he branch of social science that deals with the production and distribution and consumption of goods and services and their management” (Princeton University 2010).

Audio Pronunciation: (ec·o·nom·ics)

Download Audio Pronunciation: economics.mp3

Usage Notes:

  • Also called economic science.
  • Informally called the dismal science.
  • Historically called political economy.

Related Terms: 



Princeton University. 2010. “About WordNet.” WordNet. (