Economics

E`co*nom"ics (ē`kŏnŏm"ĭks), n. [Gr. ta` o'ikonomika`, equiv. to "h o'ikonomi`a. See Economic.] 1. The science of household affairs, or of domestic management.

2. Political economy; the science of the utilities or the useful application of wealth or material resources. See Political economy, under Political. "In politics and economics." V. Knox.