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Definitions from the Web

Economics

Definition: Economics is a social science that studies how individuals, businesses, and governments allocate limited resources to satisfy unlimited wants and needs.

Senses:

1. Noun: The branch of knowledge concerned with the production, consumption, and transfer of wealth.
2. Noun: The condition of a region or country in terms of the production and consumption of goods and services.

Sample Sentences:

Sense 1: In economics, supply and demand determine the price of a product in the market.

Sense 2: The economics of the country is experiencing a significant downturn due to inflation.

Related Products:

• Economics Books
• Economics Textbooks
• Economics Dictionaries