economicsPronunciation: /iːkəˈnɒmɪks, ɛk-/Translate economics | into French | into German | into Italian | into Spanish Definition of economics noun [often treated as singular] 1the branch of knowledge concerned with the production, consumption, and transfer of wealth. 2the condition of a region or group as regards material prosperity:he is responsible for the island’s modest economicseconomics in other Oxford dictionaries Definition of economics in the US English dictionary