economics

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English [edit]

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Etymology [edit]

From economy, from Latin oeconomia, from Ancient Greek οἰκονομία (oikonomia, management of a household, administration), from οἶκος (oikos, house) + νόμος (nomos, law).

Pronunciation [edit]

Noun [edit]

economics (uncountable)

  1. (social sciences) The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.

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