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Webec•o•nom•ics. (ˌɛk əˈnɒm ɪks, ˌi kə-) n. 1. ( used with a sing. v.) the science that deals with the production, distribution, and consumption of goods and services, or human welfare. 2. ( used with a pl. v.) financial considerations; economically significant aspects. [1785–95] co-operative plating WebEconomics definition, the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. See more. cooperative plating mn