economics
/ˌɛkəˈnɑmɪks/ noun B1- Now chiefly home economics: the art or science of household management, especially relating to the appropriate organization of resources; housekeeping.
- Management of household finances; also, the financial situation of a household.
- The study of resource and wealth allocation, consumption, and distribution, of capital and investment, and of management of the factors of production. · Mary studied economics for five years before going into banking.
- Chiefly with a descriptive word: the application of this study to a particular domain. · rural economics
- The financial situation of a nation, state, etc.
- Chiefly followed by of: the financial aspects of an activity, enterprise, etc. · The economics of running a restaurant are not easy to get right.
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