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economics
noun
the
social
science
that
studies
how
people
,
businesses
,
and
governments
choose
to
use
limited
resources
like
money
,
labor
,
and
land
•
Maria
decided
to
major
in
economics
at
university
because
she
loves
solving
real-world
problems
.
Maria
decided
to
major
in
economics
at
university
because
she
loves
solving
real-world
problems
.
•
Our
high
school
teacher
made
economics
fun
by
letting
us
run
a
mock
store
.
Our
high
school
teacher
made
economics
fun
by
letting
us
run
a
mock
store
.
From
the
Ancient
Greek
oikonomikós
(
relating
to
household
management
)
via
Latin
oeconomicus
and
French
économie
,
originally
referring
to
household
management
before
broadening
to
the
study
of
resources
in
society
.
noun
the
money-related
factors
that
decide
whether
a
plan
,
business
,
or
activity
is
practical
or
profitable
•
The
economics
of
opening
a
café
downtown
just
don't
add
up
right
now
.
The
economics
of
opening
a
café
downtown
just
don't
add
up
right
now
.
•
They
studied
the
economics
of
recycling
plastic
bottles
for
the
project
.
They
studied
the
economics
of
recycling
plastic
bottles
for
the
project
.
Extension
of
the
academic
sense
of
economics
to
practical
monetary
considerations
,
first
recorded
in
the
early
20th
century
.
