There exists an economic problem, subject to study by economic science, when a decision (choice) is made by one or more players to attain the best possible outcome.

The meaning of ECONOMIC is of, relating to, or based on the production, distribution, and consumption of goods and services. How to use economic in a sentence.

Learn more about inflation, interest rates, and economic policy. Difficult as it may be to define economics, it is not difficult to indicate the sorts of questions that concern economists.

Aug 25, 2025 · The study of economics is a social science primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited resources. It …

ECONOMIC definition: 1. relating to trade, industry, or money: 2. making a profit, or likely to make a profit: 3…. Learn more.

Economic definition: pertaining to the production, distribution, and use of income, wealth, and commodities.. See examples of ECONOMIC used in a sentence.

Definition of economic adjective from the Oxford Advanced Learner's Dictionary. [only before noun] connected with the trade, industry and development of wealth of a country, an area or a society. …

Economic means concerned with the organization of the money, industry, and trade of a country, region, or society. ...Poland's radical economic reforms. The pace of economic growth is picking up.

1. of or pertaining to the production, distribution, and use of income, wealth, and commodities. 2. of or pertaining to the science of economics. 3. involving one's personal resources of money. 4. pertaining …

A country's economic activity revolves around the production, trade, and consumption of products and services. Labor, land, machinery, and capital are crucial for production.