Meaning of the word economics in English

What does economics mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

economics

US /ˌiː.kəˈnɑː.mɪks/
UK /ˌiː.kəˈnɑː.mɪks/
"economics" picture

Noun

1.

the branch of knowledge concerned with the production, consumption, and transfer of wealth

Example:
She is studying economics at university.
The government's new policies are based on sound economics.
2.

the economic conditions of a country or region

Example:
The country's economics are in a state of crisis.
Local economics are heavily influenced by tourism.
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