economics

Definitions

1. The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.
   uncountable
2. economy

Equivalents

Examples

“Mary studied economics for five years before going into banking.”

“Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too.”

CEFR level