economics
- Top 5000
Sense 1
- noun
- B1
The subject that looks at how money, work, goods and services are made, shared and used in a country or in the world.
She switched from law to economics after her first term.
Economics explains why prices rise when something becomes hard to find.
He teaches economics to first-year students every Tuesday morning.
Our school offers economics as an optional subject from September.
Common collocations: study economics · a degree in economics · economics student · teach economics · basic economics
Part of: School subjects, School and teaching, Bank and money
Sense 2 · less common
- noun
- B2
The money side of a plan or business — what it costs and whether it can make enough money to keep going.
The economics of running a small bookshop are getting harder.
Nobody explained the economics behind the new ticket prices.
The idea sounds lovely, but the economics simply don't work.
Common collocations: the economics of something · the economics don't work · change the economics · understand the economics
Part of: Bank and money, Attitudes and opinions