economics

noun6

1. •
   The study of resource and wealth allocation, consumption, and distribution, of capital and investment, and of management of the factors of production.

   • Mary studied economics for five years before going into banking.
2. •
   Chiefly with a descriptive word: the application of this study to a particular domain.
3. •
   The financial situation of a nation, state, etc.
4. •
   Chiefly followed by of: the financial aspects of an activity, enterprise, etc.

   • The economics of running a restaurant are not easy to get right.
5. •
   (old-fashioned) Management of household finances; also, the financial situation of a household.
6. •
   (old-fashioned) Now chiefly home economics: the art or science of household management, especially relating to the appropriate organization of resources; housekeeping.