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