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What I understand is:

Medication is what medical doctors (or perhaps I should say physicians lol) prescribe while medicine is what physicians study.

I like to think medicine is the study of, well, medication.

Soooo similarly economics is the study of economy?

Other questions:

  1. Economy or Economics, this is the question! - I don't think this says economics is the study of economy.

  2. Economics SE or Economy SE? - is I think not not related to what I'm asking

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    It isn't as simple as that, because all these words have different shades of meaning. Medicine can mean medication as well as 'the study of the diagnosis and treatment of disease'. Economics is the theoretical study of the economies of countries, organisations etc. Commented Dec 26, 2022 at 10:19

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The definition of "economics" is:

the branch of knowledge concerned with the production, consumption, and transfer of wealth.

While for "economy" it is:

the state of a country or region in terms of the production and consumption of goods and services and the supply of money.

"economics" is usually a term used for education, such as a major or subject in school, it means the learning process and knowledge of "production, consumption, and transfer of wealth.".

Example sentence with "economics":

She majored in economics

He gained a first class Honours degree in economics.

He is regarded as a committed supporter of a radical free-market economics policy.

However, "economy" is different, it means the state of a country/city in terms of the supply of money. You usually use it with:

The war altered the country's economy

An increase in tourism will help the city's economy

The economy was affected by the establishment of a land tax.

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