Definition, Meaning & Synonyms
economia
noun
/ˌɛkəˈnoʊmiə/
Definition
The study of how societies use scarce resources to produce valuable commodities and distribute them among different people.
Examples
- The economia of a country can greatly affect its quality of life.
- She studied economia to understand how financial systems work.
- Changes in economia can lead to shifts in political power.
Meaning
Refers to the management of resources and wealth in a community or organization.
Synonyms
- affluence
- economics
- financial management
- resource management