HyperDic: economics

English > 1 sense of the word economics:
NOUNcognitioneconomics, economic science, political economythe branch of social science that deals with the production and distribution and consumption of goods and services and their management
economics > pronunciation
Soundseh.kahnaa'mihks; iy.kahnaa'mihks
Rhymesacoustics ... UNIX: 110 rhymes with ihks...
English > economics: 1 sense > noun 1, cognition
MeaningThe branch of social science that deals with the production and distribution and consumption of goods and services and their management.
Synonymseconomic science, political economy
Category ofGresham's Law(economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically more valuable money is driven out of circulation
capital account(economics) that part of the balance of payments recording a nation's outflow and inflow of financial securities
consumption, economic consumption, usance, use, use of goods and services(economics) the utilization of economic goods to satisfy needs or in manufacturing
deflationaryassociated with or tending to cause decreases in consumer prices or increases / increases in the purchasing power of money
easyObtained with little effort or sacrifice, often obtained illegally
easyLess in demand and therefore / therefore readily obtainable
economic theory(economics) a theory of commercial activities (such as the production and consumption of goods)
game theory, theory of games(economics) a theory of competition stated in terms of gains and losses among opposing players
inflationaryassociated with or tending to cause increases / increases in inflation
marginal utility(economics) the amount that utility increases with an increase / increase of one unit of an economic good or service
monopoly(economics) a market in which there are many buyers but only one seller
monopsony(economics) a market in which goods or services are offered by several sellers but there is only one buyer
moral hazard(economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance)
nominalOf, relating to, or characteristic of an amount that is not adjusted for inflation
oligopoly(economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices / prices and affect competitors
production(economics) manufacturing or mining or growing something (usually in large quantities) for sale
productivity(economics) the ratio of the quantity and quality of units produced to the labor per unit of time
realOf, relating to, or representing an amount that is corrected for inflation
spillover(economics) any indirect effect of public expenditure
tightaffected by scarcity and expensive to borrow
utility(economics) a measure that is to be maximized in any situation involving choice
Partseconomic theory(economics) a theory of commercial activities (such as the production and consumption of goods)
rent seeking, rent-seeking(economics) the theory that a person or firm seeks to make money by manipulating the economic environment rather than by making a profit through production or trade
NarrowereconometricsThe application of mathematics and statistics to the study of economic and financial data
financeThe branch of economics that studies the management of money and other assets
macroeconomicsThe branch of economics that studies the overall working of a national economy
microeconomicsThe branch of economics that studies the economy of consumers or households or individual firms
supply-side economicsThe school of economic theory that stresses the costs of production as a means of stimulating the economy
Broadersocial scienceThe branch of science that studies society and the relationships of individual within a society
Spanishciencias económicas, economía, económicas
Catalanciències econòmiques, economia, econòmiques
Adjectiveseconomicof or relating to the science of economics

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