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WordNet-Online
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Definitions from the WebEconomicsDescription: Economics is a social science that studies how individuals, governments, and organizations allocate limited resources to satisfy unlimited wants and needs. It examines production, distribution, and consumption of goods and services, as well as factors affecting the economy. Sense 1 (Noun): The study of the production, distribution, and consumption of goods and services within an economy. Example sentence: The university offers a wide range of courses in economics, covering macroeconomics, microeconomics, econometrics, and economic theory. Sense 2 (Noun): The financial system, activities, and issues of a particular country, region, or industry. Example sentence: The book provides an in-depth analysis of the economics of the telecommunications industry in the United States. Sense 3 (Noun): The careful management and efficient use of resources, typically in a business or household context. Example sentence: We need to practice good economics by reducing waste and optimizing our production processes. Sense 4 (Noun): Economic conditions, such as inflation, unemployment, or GDP growth, that affect the overall state of an economy. Example sentence: The government has implemented various measures to stabilize the country's economics and promote economic growth. Sense 5 (Adjective): Pertaining to the field of economics. Example sentence: The economics professor explained the concept of supply and demand to the students. Sense 6 (Adjective): Of or relating to the economy of a country or region. Example sentence: The government is developing new economic policies to stimulate local economics and attract foreign investment. Related products on Amazon: Economics textbooks, Economics for Dummies books, Economics software | ||||
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