Etymology
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basics (n.)

"rudiments or fundamentals of anything," by 1914, from basic. Also see -ics. Phrase back-to-basics was in use by 1962.

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Definitions of basics

basics (n.)
a statement of fundamental facts or principles;
Synonyms: rudiments
basics (n.)
principles from which other truths can be derived;
let's get down to basics
Synonyms: fundamentals / fundamental principle / basic principle / bedrock
From wordnet.princeton.edu