Words / B1

eek-uh-NOM-iks/ˌiːkəˈnɒmɪks/

Economics is the study of money, trade, and how countries manage resources (uncountable). Economy is the system itself (already in many lists); economic is the adjective. A-level: economics is not the same paper as business studies.

Meaning

The study of money, trade, and how countries manage resources (uncountable).

Examples

• “A-level economics is not the same paper as business studies.”
• “Home economics is an older school name for food and textiles, not A-level economics.”

Good to know

Uncountable. A-level / GCSE economics. Person: an economist. Adjective: economic (of the economy); economical = good value. Mix-up: the economy ≠ economics.

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