B2noun 1K

Economics

🇬🇧 UK /["/ˌiːkəˈnɒmɪks//ˌekəˈnɒmɪks/"]/ 🇺🇸 US /["/ˌiːkəˈnɑːmɪks//ˌekəˈnɑːmɪks/"]/

Meaning of Economics

the study of how a society organizes its money, trade and industry

In simple words: The study of how money, goods, and services are made and used.

Economics in a sentence

• He studied politics and economics at Yale.
• Keynesian/Marxist economics
• trends in modern economics
• The economics of the project are very encouraging.
• The economics of maintaining a safe environment are not just the concern of the government.

How to use Economics

Used in academic contexts, discussions about business, and when analyzing markets. It may not be suitable for casual conversations unless related to finances or current events.

Grammar pattern

standalone noun

Memory hint

Think of 'eco' for 'environment' and 'nomics' like 'money'—it's about how we manage resources.

Related words

Collocations with Economics

• applied
• theoretical
• classical
• a school of economics

Synonyms for Economics

• finance
• economy
• commerce
• trade
• business

Opposites of Economics

• inefficiency
• wastefulness

Common mistakes with Economics

• Confusing economics with economic, which pertains to the economy.
• Using 'economics' as a singular countable noun (it is uncountable).
• Incorrect pronunciation, often emphasizing the wrong syllable.

Frequently asked questions about Economics

What does Economics mean?

The study of how money, goods, and services are made and used.

What is the definition of Economics?

the study of how a society organizes its money, trade and industry

How do you use Economics in a sentence?

He studied politics and economics at Yale.

Can you give another example of Economics?

Keynesian/Marxist economics

What are synonyms for Economics?

Common alternatives include finance, economy, commerce, trade, business.

What is the opposite of Economics?

Opposite meanings include inefficiency, wastefulness.

What words go with Economics?

It commonly pairs with applied, theoretical, classical, a school of economics.

What are common mistakes when using Economics?

Confusing economics with economic, which pertains to the economy. Using 'economics' as a singular countable noun (it is uncountable). Incorrect pronunciation, often emphasizing the wrong syllable.

How do you pronounce Economics?

US: /["/ˌiːkəˈnɑːmɪks//ˌekəˈnɑːmɪks/"]/, UK: /["/ˌiːkəˈnɒmɪks//ˌekəˈnɒmɪks/"]/. Listen to the audio above to hear native pronunciation.

When should I use Economics?

Used in academic contexts, discussions about business, and when analyzing markets. It may not be suitable for casual conversations unless related to finances or current events.

What CEFR level is Economics?

"Economics" is at B2 level on the CEFR scale.