Economics
/ɪˌkɒnəˈmɪks/
Definitions
- (n.) The branch of knowledge concerned with the production, consumption, and transfer of wealth.
She studied economics to understand market fluctuations.
- (n.) The system or conditions of the economy in a particular country or region.
The country's economics have improved significantly this year.
Related terms
Commentary
Often used in plural form, 'economics' refers both to the academic discipline and the study of economic systems; clarity depends on context.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.