economics
//ˌiːkəˈnɒmɪks//
Noun
1
The social science that studies the production, distribution, and consumption of goods and services, and the behavior of individuals, businesses, and governments in allocating scarce resources.
She studied economics at university and now works as a financial analyst.
2
The financial aspects or conditions of a particular activity, organization, or region.
The economics of running a small business can be challenging.