Economics (Noun)
Meaning
The branch of social science that deals with the production and distribution and consumption of goods and services and their management.
Classification
Nouns denoting cognitive processes and contents.
Examples
- The university's economics department offered a wide range of courses on micro and macroeconomics, econometrics, and international trade.
- She studied economics in college and went on to work as a financial analyst for a major investment firm.
- The government's economic policies were designed to stimulate growth and reduce unemployment.
- The economics of the project were complex, involving multiple stakeholders and a large budget.
- Understanding the economics of climate change is crucial for developing effective strategies to mitigate its impacts.