Meaning of ECONOMICS in English

ECONOMICS

ˌekəˈnämiks, ˌēk-, -mēks noun plural but usually singular in construction

Etymology: modification (influenced by English -s, plural ending) of New Latin oeconomica, from Greek oikonomika, from neuter plural of oikonomikos skilled in the management of a household — more at economic

1. obsolete : a science or art of managing a house or household

2.

a. : a social science that studies the production, distribution, and consumption of commodities

b. : economic aspect or significance

the economics of the tideland issue was relatively simple — T.H.White b 1915

: considerations of cost and return

standards by which the economics of electric vs. manual typewriters could be evaluated — H.B.Averill

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.