🇪🇸Spanish Source WordCode: ES

Economía

Pronunciation / Transliteration: ekonomia

🇬🇧 Direct English Meaning:
Economics/ɪˈkɒnəmɪks/
nounCEFR B2 (Upper)Top #800 frequency
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🇪🇸 Example Sentence in Spanish:

"La economía global enfrenta muchos desafíos."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The branch of knowledge concerned with the production, consumption, and transfer of wealth.

    "Understanding economics is essential for making informed financial decisions."
  2. 2

    The study of how societies use scarce resources to produce valuable commodities and distribute them among different people.

    "The economics of developing countries often differ significantly from those of developed nations."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'economics' originates from the Greek word 'oikonomia', meaning 'household management'. It evolved through Latin and Middle French before entering English in the late 19th century, reflecting the study of production, distribution, and consumption of goods and services.

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