economic science

Thesaurus

Noun

1.

economic science - the branch of social science that deals with the production and distribution and consumption of goods and services and their management economics, political economy production - (economics) manufacturing or mining or growing something (usually in large quantities) for sale; "he introduced more efficient methods of production" Gresham's Law - (economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically more valuable money is driven out of circulation; bad money drives out good; credited to Sir Thomas Gresham economic theory - (economics) a theory of commercial activities (such as the production and consumption of goods) social science - the branch of science that studies society and the relationships of individual within a society game theory, theory of games - (economics) a theory of competition stated in terms of gains and losses among opposing players econometrics - the application of mathematics and statistics to the study of economic and financial data finance - the branch of economics that studies the management of money and other assets macroeconomics - the branch of economics that studies the overall working of a national economy microeconomics - the branch of economics that studies the economy of consumers or households or individual firms supply-side economics - the school of economic theory that stresses the costs of production as a means of stimulating the economy; advocates policies that raise capital and labor output by increasing the incentive to produce spillover - (economics) any indirect effect of public expenditure capital account - (economics) that part of the balance of payments recording a nation's outflow and inflow of financial securities economic consumption, use of goods and services, usance, consumption, use - (economics) the utilization of economic goods to satisfy needs or in manufacturing; "the consumption of energy has increased steadily" utility - (economics) a measure that is to be maximized in any situation involving choice marginal utility - (economics) the amount that utility increases with an increase of one unit of an economic good or service productivity - (economics) the ratio of the quantity and quality of units produced to the labor per unit of time monopoly - (economics) a market in which there are many buyers but only one seller; "a monopoly on silver"; "when you have a monopoly you can ask any price you like" monopsony - (economics) a market in which goods or services are offered by several sellers but there is only one buyer oligopoly - (economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors moral hazard - (economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance); "insurance companies are exposed to a moral hazard if the insured party is not honest" real - of, relating to, or representing an amount that is corrected for inflation; "real prices"; "real income"; "real wages" nominal - of, relating to, or characteristic of an amount that is not adjusted for inflation; "the nominal GDP"; "nominal interest rates" inflationary - associated with or tending to cause increases in inflation; "inflationary prices" deflationary - associated with or tending to cause decreases in consumer prices or increases in the purchasing power of money; "deflationary measures"