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What is economics?

What is economics? Here are some definitions.

Noun
  1. (social sciences) The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.
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At A-level, he hopes to take English literature, economics, drama and sports studies.
Let managers and shareholders make their own choices, based on sound business judgment, not on fear, jingoism or just bad economics.
But when he decided to make a brash stab at the sports-car market, economics drove him to Canada.
Two became fellows at All Souls and the other got the best economics first at Cambridge since the war.
Many economics textbooks fail to mention QE, suggesting that this is a new and extreme form of monetary policy.
Christopher M. Meissner is a lecturer in economics at the University of Cambridge and a fellow of King's College.

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