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- 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 duties of domestic life), hence, "frugal, thrifty," from oikonomia "household management" (see economy (n.)).
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Sep 28, 2017 · economics (n.)1580s, "art of managing a household," perhaps from French économique (see economic); also see -ics. Meaning "science of wealth" is from 1792.
- Français (French)
Signification de economics: économie; En 1580, le terme "art...
- Microeconomics
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Etymology. Meaning & use. Pronunciation. Forms. Frequency. Compounds & derived words. Factsheet. What does the noun economics mean? There are four meanings listed in OED's entry for the noun economics. See ‘Meaning & use’ for definitions, usage, and quotation evidence. economics has developed meanings and uses in subjects including.
- Origin of The Word “Economics”
- Definition of Economics
- References
The word ‘Economics’ is derived from a Greek word “Oikonomos”, where Oikos mean Household and nomos mean rule, law or management. So Oikonomos means “household management” or “management of house affairs”-i.e., how people earn income and resources and how they spend them on their necessities, comforts and luxuries. With the passage of time, this wo...
Economics is a science, which is concerned with those aspects of social behaviours and institutions that are involved in using the scarce resources to produce and distribute goods and services to satisfy human wants. According to Bradley R. Schiller “Economics is the study of how best to allocate scarce resources among competing uses.’ According to...
Munir Ahmed Bhutta. Economics,Azeem Academy Publishers, Lahore. Abdul Haleem Khawja. Economics,Khawja and Khawja Publishing House, Islamabad. Manzoor Tahir Ch. Principles of Economics, Azeem Academy Publishers, Lahore. Muhammad Irshad. Economics, Naveed Publications, Lahore. K K Dewett & M H Navalur. Modern Economic Theory (Theory and Policy),S. Ch...
Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) is a social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.
Apr 19, 2024 · economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth. In the 19th century economics was the hobby of gentlemen of leisure and the vocation of a few academics; economists wrote about economic policy but were rarely consulted by legislators before decisions were made.
Jul 17, 2023 · Economics is the study of how humans make decisions in the face of scarcity. These can be individual decisions, family decisions, business decisions or societal decisions. If you look around carefully, you will see that scarcity is a fact of life. Scarcity means that human wants for goods, services and resources exceed what is available.
Jul 17, 2023 · Economics is a social science that examines how people choose among the alternatives available to them. It is social because it involves people and their behavior. It is a science because it uses, as much as possible, a scientific approach in its investigation of choices.
