eco·nom·ics /ˌɛkəˈnɑmɪks, ˌikə-/
1. The science of household affairs, or of domestic management.
2. Political economy; the science of the utilities or the useful application of wealth or material resources; the study of the production, distribution, and consumption of goods and services of a nation or region, and its effect on the wealth of a country. See Political economy, under Political. “In politics and economics.”
n : the branch of social science that deals with the production
and distribution and consumption of goods and services
and their management [syn: economic science, political