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economics: Meaning and Definition of

ec•o•nom•ics

Pronunciation: (ek"u-nom'iks, ē"ku-), [key]
— n.
  1. the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.
  2. financial considerations; economically significant aspects: What are the economics of such a project?
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
See also:
economic rent economic strike
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