economics
/ˌɛkəˈnɑmɪks/
noun
- The study of how people, businesses, and governments make choices about using resources like money, goods, and labor.
- The professor wrote a book about the economics of climate change.
- She is studying economics at university to understand markets.
- Economics helps explain why prices go up and down.
- The financial or economic aspects of a situation or system.
- We need to consider the economics of running a small farm.
- The economics of the project did not make sense, so it was canceled.
- The economics of the new technology are still uncertain.