Definition of Econamics
E`co*nom"ics (ē`k&ocr*;n&obreve;m"&ibreve;ks),
n. [Gr. ta` o'ikonomika`, equiv. to
"h o'ikonomi`a. See Economic.] 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.
See Political economy, under Political. "In
politics and economics." V. Knox.
- Webster's Unabridged Dictionary (1913)
- Social science that studies society's allocation of resources to meet wants and needs.
- More generally, the social-scientific study of resource or wealth management, production of new material goods and services, distribution of benefits among individuals and groups, investment and consumption.
- The Nuttall Encyclopedia
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