Word of the Day - Economics

economics

/ɛkəˈnɒmɪks//iːkəˈnɒmɪks/
plural noun
1 often treated as singular The branch of knowledge concerned with the production, consumption, and transfer of wealth.
2 often treated as singular The condition of a region or group as regards material prosperity.

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Back at the dawn of civilization, economics was simple. Wealth was what you could take with you, on your back, on a travois, on a beast (itself part of your wealth).