economics
UK /ˌiː.kəˈnɒm.ɪks/ US /ˌik.əˈnɑ.mɪks/
noun 1
Definitions
noun
1
The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.
Mary studied economics for five years before going into banking.
Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too.
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