(n) the branch of social science that deals with the production and distribution and consumption of goods and services and their management, Syn.political economy, economic science
The Collaborative International Dictionary of English (GCIDE) v.0.53
n. [ Gr. ta` o'ikonomika`, equiv. to "h o'ikonomi`a. See Economic.] 1. The science of household affairs, or of domestic management. [1913 Webster]
2. Political economy; the science of the utilities or the useful application of wealth or material resources; the study of the production, distribution, and consumption of goods and services of a nation or region, and its effect on the wealth of a country. See Political economy, under Political. “In politics and economics.” V. Knox. [1913 Webster +PJC]
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