economics economics /ˌiːkəˈnɑːmɪks/

noun

1. () The branch of social science that deals with the production and distribution and consumption of goods and services and their management  ( economic science , political economy , econ [Informal, American] , economics )
   the branch of social science that deals with the production and distribution and consumption of goods and services and their management
    The college offers a course in economics, which is quite popular among students
   The college offers a course in economics, which is quite popular among students
   

 economic economic /ˌiːkəˈnɑːmɪk/

adjective

1. () Of or relating to an economy, the system of production and management of material wealth  ( economical , economic )
   of or relating to an economy, the system of production and management of material wealth
    Economic growth
   economic growth
    Aspects of social, political, and economical life
   aspects of social, political, and economical life
   
2. () Of or relating to the science of economics  ( economic )
   of or relating to the science of economics
    Economic theory
   economic theory
   
3. () Using the minimum of time or resources necessary for effectiveness  ( economic , economical )
   using the minimum of time or resources necessary for effectiveness
    An economic use of home heating oil
   an economic use of home heating oil
    A modern economical heating system
   a modern economical heating system
    An economical use of her time
   an economical use of her time
   
4. Financially rewarding  ( economic )
   financially rewarding
    It was no longer economic to keep the factory open
   it was no longer economic to keep the factory open
    Have to keep prices high enough to make it economic to continue the service
   have to keep prices high enough to make it economic to continue the service
   
5. Concerned with worldly necessities of life (especially money)  ( economic )
   concerned with worldly necessities of life (especially money)
    He wrote the book primarily for economic reasons
   he wrote the book primarily for economic reasons
    Gave up the large house for economic reasons
   gave up the large house for economic reasons
    In economic terms they are very privileged
   in economic terms they are very privileged