Economics /(ē`kŏ*nŏm"ĭks)/

E·co·nom·ics

Economics

n.
  1. The science of household affairs, or of domestic management.
  2. 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.