B1nounmoneyeducation
US/ˌek.əˈnɑː.mɪks/
UK/ˌiː.kəˈnɒm.ɪks/
the study of how money, goods and services are produced and used
In context
She is studying economics because she wants to work in banking.
The economics of running a small shop are difficult.
He teaches economics at a high school in Hue.
Words that go with economics
verb + noun
- study economicsMany future managers study economics.
noun + noun
- economics degreeAn economics degree can lead to many jobs.
adjective + noun
- basic economicsBasic economics says prices rise when supply falls.
- behavioral economicsBehavioral economics looks at how people really decide.
- development economicsHe researches development economics in Southeast Asia.
Common mistakes
Incorrect:
The economics of Vietnam is growing.Correct: The economy of Vietnam is growing.