economic science
1
3.7
- noun
- /ˌiːkəˈnɑːmɪk saɪəns/
:
ciencia económica
- Students studying economic science learn how goods and services are produced and consumed.
- pluralism in economic science
Examples
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We're using economic science to advise policy makers on what to do.
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They said, look, economic science has taught us the best you can do is not try to pick individual stocks.
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The body of economic science necessary for this purpose exists in substantial part.
Academic text (1997) -
It's the ABC of economic science and works like this.
Blog text (9) -
There is no legitimate basis in economic science for his contention that he can perceive the value of a new iPhone better than the purchaser.
Blog text (9) -
It seems necessary to appreciate and deal with the pluralism in economic science and its implications if there is ever to be sustained discussion among economists.
Academic text (1990) -
The mainstream of economic science must therefore be held largely responsible for plunging us into the human-made morass of this 5-year-old economic crisis.
Blog text (14) -
During the 1930s, neoclassical welfare economics largely read interpersonal utility comparisons out of economic science because they were not verifiable.
Academic text (2017) -
However, it would be helpful to understand as much as possible about the probable reasons why the bishops assumed a Keynesian policy stance as their response to pluralism in economic science.
Academic text (1990) -
Robert Heilbroner, at a conference commemorating Marx, Schumpeter, and Keynes, eloquently addressed this point about the relation between economic science and political economy in discussing the question of why it is that economists have come to such different conclusions about common subjects of analysis.
Academic text (1997)
Synonyms
453
3.5
The study of how people make, buy, and use things and services
16
5.6
The subject that studies money, business, and trade
Antonyms
Surface Forms
Morphology
The phrase combines 'economic' (relating to the economy) with 'science' (a systematic field of study), so its meaning — the study of economic phenomena — is directly derivable from the constituents. This compositional pattern (X + science = the scientific study of X) is cross-linguistically common, making it immediately understandable to a B1 learner who knows both words.
Etymology
Economic science puts economic (about money, goods, and trade) together with science (careful study). Imagine researchers watching how goods are made, moved, and used, like scientists in a lab; that's why the term means 'the study of production, distribution, and consumption of goods and the management of these activities'.