economics
economics — noun
1. an academic field that examines how people, businesses, and governments decide t
an academic field that examines how people, businesses, and governments decide to use limited resources when producing, trading, and using goods and services
Vikram chose to study economics at university to understand how global trade works.
uncountable noun for academic subject
The textbook showed how supply and demand affect prices of rice and cooking oil.
Professor Maja's lecture on economics explained why some nations grow rich while others stay poor.
Understanding basic economics helps people make smarter decisions about saving and spending their money.
- economic science
more formal and less common in everyday conversation; used mainly in academic contexts
- economic theory
refers more narrowly to the principles and models rather than the whole field of study
- political economy
historical term emphasizing the link between politics and economics; less common in modern usage
用法筆記
Although economics ends in -s, it is treated as a singular uncountable noun in standard English (e.g., Economics is my favourite subject).
常見錯誤
2. the financial factors, costs, and potential profits that affect whether a plan,
the financial factors, costs, and potential profits that affect whether a plan, project, or business is worth doing
The bakery's economics do not add up with such high rent in this district.
pattern: the economics of [activity]
Rania studied the economics of solar energy before installing panels on her house.
The board reviewed the economics of the merger and decided it was not profitable.
Ava asked her advisor to explain the economics of buying versus renting a home.
- financial aspects
more general and less technical; can refer to any financial side of a situation
- cost-benefit analysis
refers specifically to the method of weighing costs against benefits, not just the financial factors themselves
- financial viability
focuses on whether something can succeed financially, a narrower meaning than economics
文法句型
the economics of + noun phrase
用法筆記
In this sense, economics is plural in meaning and is typically preceded by the definite article in the pattern the economics of + noun phrase. The verb that follows is plural (e.g., the economics of the plan are questionable), unlike sense 1 which always takes a singular verb.