(noun) The social science concerned with description and analysis of the production, distribution, and consumption of goods and services and the allocation and management of investments, money, and wealth.
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- Also called economic science.
- Informally called the dismal science.
- Historically called political economy.
- An (noun) economist (adverb) economically studies the economy to create (adjective) economic or (adjective) economical works.
- Economic Sociology Resources – Books, Journals, and Helpful Links
- Word origin of “economics” – Online Etymology Dictionary: etymonline.com
- allocation of resources
- conspicuous consumption
- division of labor
- social science
Collins English Dictionary: Complete and Unabridged. 6th ed. 2003. Glasgow, Scotland: Collins.
Farlex. (N.d.) TheFreeDictionary.com: Dictionary, Encyclopedia and Thesaurus. Farlex. (http://www.thefreedictionary.com/).
Macmillan. (N.d.) Macmillan Dictionary. (https://www.macmillandictionary.com/).
Merriam-Webster. (N.d.) Merriam-Webster Dictionary. (http://www.merriam-webster.com/).
Oxford University Press. (N.d.) Oxford Dictionaries. (https://www.oxforddictionaries.com/).
Princeton University. 2010. WordNet. (https://wordnet.princeton.edu/).
Random House Webster’s College Dictionary. 1997. New York: Random House.
Taylor & Francis. (N.d.) Routledge Handbooks Online. (https://www.routledgehandbooks.com/).
Wikipedia contributors. (N.d.) Wikipedia, The Free Encyclopedia. Wikimedia Foundation. (https://en.wikipedia.org/).
Wikipedia contributors. (N.d.) Wiktionary, The Free Dictionary. Wikimedia Foundation. (http://en.wiktionary.org).
How to Cite the Definition of Economics
ASA – American Sociological Association (5th edition)
Bell, Kenton, ed. 2015. “economics.” In Open Education Sociology Dictionary. Retrieved June 26, 2019 (http://sociologydictionary.org/economics/).
APA – American Psychological Association (6th edition)
economics. (2015). In K. Bell (Ed.), Open education sociology dictionary. Retrieved from http://sociologydictionary.org/economics/
Chicago/Turabian: Author-Date – Chicago Manual of Style (16th edition)
Bell, Kenton, ed. 2015. “economics.” In Open Education Sociology Dictionary. Accessed June 26, 2019. http://sociologydictionary.org/economics/.
MLA – Modern Language Association (7th edition)
“economics.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2015. Web. 26 Jun. 2019. <http://sociologydictionary.org/economics/>.