0

I know "economy" and "economics" are related terms that do not mean the same thing. But I am having trouble understanding a question asking me to state how globalization has affected the world's "economics". And I am wondering if economics here is used to actually mean "economy".

Many thanks

| improve this question | |
  • 1
    You'll have to give a full context before anyone can help you much. Economy is the word for the totality of commerce in some sphere; economics is the study of economy. Generally, they wouldn't be interchangeable. – deadrat Oct 6 '15 at 9:12
3

As well as the study of economies, there seems to be another less common meaning of economics:

economic conditions http://www.merriam-webster.com/dictionary/economics

economic matters, especially relevant financial considerations http://www.thefreedictionary.com/economics

the condition of a region or group as regards material prosperity. Google definition

This seems to be the meaning the author intended.

| improve this answer | |
  • Yes, I believe the author meant economic conditions. – user140086 Oct 6 '15 at 9:23
  • It wouldn't be unusual for the term economics to be used loosely in that way, even though it is not strictly appropriate. – WS2 Oct 6 '15 at 10:24

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.