What does "economics" mean?

The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.

How do you pronounce "economics"?

Pronounced //ˌiː.kəˈnɒm.ɪks//.

Common synonyms include: economic science, academic field, applied economics, classical economics, dynamic economics, econ.

/ˌiː.kəˈnɒm.ɪks/ noun

noun ·Uncommon ·Advanced level

Noun

1
The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production. uncountable
"Mary studied economics for five years before going into banking."
2
the branch of social science that deals with the production and distribution and consumption of goods and services and their management wordnet

"While employed at the bank, he taught economics at college."

From econom(y) + -ics, from Latin oeconomia, from Ancient Greek οἰκονομία (oikonomía, “the management of a household”).