Economics
Economics (ē`ko*nom"iks) , noun
[Greek ta` o'ikonomika`, equiv. to "h o'ikonomi`a. See Economic.]
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.