Economics Dictionary is an online blog website that provides a detailed analysis of various aspects of economics. Learn more about the terms, theories, history, and current scenario of economics. With this site, we hope to provide you with a variety of resources that will help you gain a better understanding of Economics. We have divided our site into different sections based on their particular topics. We hope you will find that topic useful for your study! Economics Dictionary - Definition The study of economics deals with the production, distribution, and consumption of goods and services. There are two main topics covered by economics: microeconomics and macroeconomics, which focus on how individual firms or households operate. It is the Greek word "economy" that means "household management.". However, it now has many meanings as well as multiple interpretations in modern times.