The science of household affairs, or of domestic management. 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.
economicsnoun
Wiktionary (English) • 2026
Wiktionary contributors • CC BY-SA 4.0 • via Kaikki Extracted and formatted for display by Law Mind. Source link opens the current Wiktionary page and its contributor history; it is not a frozen copy of this extract.
The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.
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