GIVE VERY SHORT ANSWER: 1.The word ‘economics’ has been derived from the word of which language? 2.The word ‘economics’ has been derived from which word?
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Answer: 1) The word ‘economics’ comes from two Greek words, ‘eco’ meaning home and ‘nomos’ meaning accounts.
Answer: 2)Oikonomia
The English term ‘Economics’ is derived from the Greek word ‘Oikonomia’. Its meaning is ‘household management’. Economics was first read in ancient Greece. Aristotle, the Greek Philosopher termed Economics as a science of ‘household management’.
Answer: 1) The word ‘economics’ comes from two Greek words, ‘eco’ meaning home and ‘nomos’ meaning accounts.
Answer: 2)Oikonomia
The English term ‘Economics’ is derived from the Greek word ‘Oikonomia’. Its meaning is ‘household management’. Economics was first read in ancient Greece. Aristotle, the Greek Philosopher termed Economics as a science of ‘household management’.