economics
word
Definition
The study of how people, businesses, and governments use resources, like money and goods, to produce and distribute things people need or want.
Usage & Nuances
Usually uncountable and academic; used for the field of study, not for money-saving or daily finances (which is 'economy' or 'finance'). Common phrases: 'study economics', 'major in economics'. Distinct from 'economy', which is the actual system.
Example Sentences
I'm studying economics at university.
basic
Economics helps us understand prices and markets.
basic
Many students find economics interesting.
basic
Sarah switched her major to economics after taking an intro class.
natural
Good economics explains why some countries grow faster than others.
natural
He says understanding economics is key to running a business successfully.
natural