answersLogoWhite

0

What does economent mean?

User Avatar

Anonymous

15y ago
Updated: 8/19/2019

noun 1. (used with a singular verb) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. 2.

(used with a plural verb) financal considerations; economically significant aspects: What are the economics of such a project?

There is no "exact" definition for economics but if I had to give a definition I would say this. Ecomonics- The scientific study of how individuals and groups make decisions with limited resources as to best satisfy their incentives.

User Avatar

Wiki User

15y ago

What else can I help you with?