Economy vs. Economics

Economynoun

Effective management of a community or system, or especially its resources.

Economynoun

The regular operation of nature in the generation, nutrition and preservation of animals or plants.

Economynoun

System of management; general regulation and disposition of the affairs of a state or nation, or of any department of government.

Economynoun

A system of rules, regulations, rites and ceremonies.

Economynoun

The disposition or arrangement of any work.

Economynoun

The study of money, currency and trade, and the efficient use of resources.

Economynoun

Frugal use of resources.

Economynoun

The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.

Economynoun

(theology) The method of divine government of the world. (See w:Economy (religion).)

Economynoun

(US) The part of a commercial passenger airplane or train reserved for those paying the lower standard fares; economy class.

Economynoun

(archaic) Management of one’s residency.

Economyadjective

Cheap to run; using minimal resources; representing good value for money.

Economynoun

The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy.

Economynoun

Orderly arrangement and management of the internal affairs of a state or of any establishment kept up by production and consumption; esp., such management as directly concerns wealth; as, political economy.

Economynoun

The system of rules and regulations by which anything is managed; orderly system of regulating the distribution and uses of parts, conceived as the result of wise and economical adaptation in the author, whether human or divine; as, the animal or vegetable economy; the economy of a poem; the Jewish economy.

Economynoun

Thrifty and frugal housekeeping; management without loss or waste; frugality in expenditure; prudence and disposition to save; as, a housekeeper accustomed to economy but not to parsimony.

Economynoun

the system of production and distribution and consumption

Economynoun

the efficient use of resources;

Economynoun

frugality in the expenditure of money or resources;

Economynoun

an act of economizing; reduction in cost;

Economy

An economy (from Greek οίκος – and νέμoμαι – ) is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources'.

Economicsnoun

(social sciences) The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.

Economicsnoun

The science of household affairs, or of domestic management.

Economicsnoun

Political economy; the science of the utilities or the useful application of wealth or material resources; the study of the production, distribution, and consumption of goods and services of a nation or region, and its effect on the wealth of a country. See Political economy, under Political.

Economicsnoun

the branch of social science that deals with the production and distribution and consumption of goods and services and their management

Economics

Economics () is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services.Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions.