Changes

It is often helpful to think about and improve the definition of an important word, as a way of increasing your understanding of it.  Finding and improving definitions of the words "faith" and "forgiveness" are helpful exercises.  Let's work on identifying and improving the definition of the word "economics".

It is often helpful to think about and improve the definition of an important word, as a way of increasing your understanding of it.  Finding and improving definitions of the words "faith" and "forgiveness" are helpful exercises.  Let's work on identifying and improving the definition of the word "economics".

The Merriam Webster's Collegiate Dictionary (1994) defines "economics" (pronounced with a long or short opening vowel, as "EEK uh nom ics" or "EHK uh nom ics") to mean:

The Merriam Webster's Collegiate Dictionary (1994) defines "economics" (pronunciation is proper with either a long or short opening vowel, as "EE kuh nom iks" or "EH kuh nom ics") to mean:

:"a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services"

:"a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services"