‘Economics’ which was defined sometime as ‘the science of wealth’-can be better understood as the ‘social science concerned with the production and consumption of goods and services and the analysis of the commercial activities. There have been many definitions of economics in the past. As such ‘economics’ is significantly related with other social sciences, viz. commerce, management sociology etc. And it has become a vast field of study ranging from Economics of production to Economics of war and Economics of love. As is obvious from the name the Advanced Learner’s Dictionary of Economics is Designed to meet the intellectual quest of students at advanced level as well as the teachers. Planned and developed by a team of experts in the field, entries are judiciously selected and presented in scientific way.
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