Noun

(-)

(social sciences) The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.

* {{quote-magazine, date=2013-08-03, volume=408, issue=8847, magazine=(The Economist)

, title= Boundary problems , passage=Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too.}}