Meaning of ECONOMICS in English

ECONOMICS

the study of how the forces of supply and demand allocate scarce resources. Subdivided into microeconomics, which examines the behavior of firms, consumers and the role of government; and macroeconomics, which looks at inflation, unemployment, industrial production, and the role of government.

Raynet Business and Marketing English glossary.      Английский глоссарий компании Raynet Business and Marketing .