Etymology
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economics (n.)

1580s, "art of managing a household," perhaps from French économique (see economic); also see -ics. Meaning "science of wealth" is from 1792.

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Definitions of economics

economics (n.)
the branch of social science that deals with the production and distribution and consumption of goods and services and their management;
Synonyms: economic science / political economy
From wordnet.princeton.edu