Questions regarding distribution of resources are found throughout the writings of the Boeotian poet Hesiod and several economic historians have described Hesiod himself as the "first economist". However, the word Oikos, the Greek word from which the word economy derives, was used for issues regarding how to manage a household (which was understood to be the landowner, his famil… WebThe word 8 Economics 9 is derived from a Greek word <oikonomia= which means <household management or of house affairs="i.," how people earn income and resources they spend them on their necessities, comforts luxuries. with passage time, the word <oikonomia="was" used for an economy as whole in …<!--linkpost-->
Economics - Wikipedia
WebAug 2, 2014 · economic. (adj.) 1590s, "pertaining to management of a household," perhaps shortened from economical, or else from French économique or directly from Latin oeconomicus "of domestic economy," from Greek oikonomikos "practiced in the management of a household or family" (also the name of a treatise by Xenophon on the … WebAug 4, 2024 · Eg. Psychology, Sociology, Economics; → Origin of the term ‘Economics’ lies in the Greek word ‘Oikonomia’ meaning management of the household. → Economics → ‘Queen of Social Sciences’ — Paul Samuelson. → Types of Economic Systems: Capitalism; Socialism; Mixed Economy; → ‘Artha’ means Wealth’ and ‘Shastra’ means ... kidde kn-cope-ic chirping
Top 4 Definitions of Economics (With Conclusion) - Economics …
WebAug 3, 2024 · The word “economics” comes from the Greek word “Oikonomia” meaning “management of a household”. Hence, in its original sense the meaning of a strong economy is essentially one where a ...WebJul 14, 2015 · The growth of the Greek economy was driven by an extensive middle class, by many people who consumed goods and services at a level far above subsistence. Webexposed to a brief explanation that the origin of the word “economy” can be traced back to the Greek word oikonomia (ο’ικονομία ), which in turn is composed of two words: oikos, which is usually translated as “household”; and which is best nemein, translated as “management and dispensation.” is mb financial now 5/3