GIVE VERY SHORT ANSWER:
1.The word ‘economics’ has been derived from the word of which language?
2.The word ‘economics’

Question

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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Clara 11 months 2021-06-22T06:32:01+00:00 1 Answers 0 views 0

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    2021-06-22T06:33:35+00:00

    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’.

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