economics

Everyday

1. The study of how people, businesses and countries make, buy, sell and use money, goods and services. tree →
2. The money side of a plan or business: The economics of the plan don't work. tree →

In the lessons

In school economics is a subject for older pupils; maths problems about prices, profit and saving are its first steps. Phrases: «study economics», «home economics» (old name for cooking and household lessons), «the economics of».

Examples

• My sister studies economics at university. tree →
• Economics is about how people choose to spend money. tree →
• In home economics we baked bread. tree →
• The economics of the shop are simple: buy cheap, sell a little dearer. tree →
• Economics helps explain why prices go up. tree →
• She wants to teach economics one day. tree →

Note

Ends in -s but is singular: «Economics is interesting» (like maths, physics). Person: economist; adjective: economic.