economics Definition

economics

Definition

The study of how the forces of supply and demand allocate scarce resources. Subdivided into microeconomics, which examines the behavior of firms, consumers and the role of government; and macroeconomics, which looks at inflation, unemployment, industrial production, and the role of government.

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Related Terms

applied economics -

econometrics - More

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supply-side economics

CFA

Chartered Financial Analyst

Chartered Investment Council

Chartered Life Underwriter

CIC

Popular 'Economy' Terms

GDP
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fiscal policy
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Tools

economics is ...

... part of the Economy subject.

... an essential investing term.

Nearby Terms

economic sanctions
economic surplus
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economic value added
economical
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ECS

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Review the unprecedented moves the Fed & Treasury took to bring the financial markets back from the precipice