economics (HyperDic hyper-dictionary)

English > 1 sense of the word *economics*:
NOUN	cognition	economics, economic science, political economy	the branch of social science that deals with the production and distribution and consumption of goods and services and their management

economics > pronunciation
Sounds	eh.kahnaa'mihks; iy.kahnaa'mihks
Rhymes	acoustics ... UNIX: 110 rhymes with ihks...

English > *economics*: 1 sense > noun 1, cognition
Meaning	The branch of social science that deals with the production and distribution and consumption of goods and services and their management.
Synonyms	economic science, political economy
Category of	Gresham'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
	deflationary	associated with or tending to cause decreases in consumer prices or increases / increases in the purchasing power of money
	easy	Obtained with little effort or sacrifice, often obtained illegally
	easy	Less 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
	inflationary	associated 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)
	nominal	Of, 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
	real	Of, relating to, or representing an amount that is corrected for inflation
	spillover	(economics) any indirect effect of public expenditure
	tight	affected by scarcity and expensive to borrow
	utility	(economics) a measure that is to be maximized in any situation involving choice
Parts	economic theory	(economics) a theory of commercial activities (such as the production and consumption of goods)
Parts	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
Narrower	econometrics	The application of mathematics and statistics to the study of economic and financial data
	finance	The branch of economics that studies the management of money and other assets
	macroeconomics	The branch of economics that studies the overall working of a national economy
	microeconomics	The branch of economics that studies the economy of consumers or households or individual firms
	supply-side economics	The school of economic theory that stresses the costs of production as a means of stimulating the economy
Broader	social science	The branch of science that studies society and the relationships of individual within a society
Spanish	ciencias económicas, economía, económicas
Catalan	ciències econòmiques, economia, econòmiques
Adjectives	economic	of or relating to the science of economics

HyperDic: economics