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 duties of domestic life), hence, "frugal, thrifty," from oikonomia "household ...
ECONOMY Meaning: "household management," from Latin oeconomia (source of French économie, Spanish economia, German… See definitions of economy.
Oct 07, 2018 · Etymology of the word Economy The first part of the term Economy, Eco, is derived from Ancient Greek Oikos ( οἶκος , plural οἶκοι ), which meant “house, abode, dwelling”. The Ancient Greeks used the word Oikos to refer to three related — but different in nature — household categories, namely, the family, the family’s ...
1. œconomics (archaic)
From economy, from Latin oeconomia, from Ancient Greek οἰκονομία (oikonomía, “management of a household, administration”), from οἶκος (oîkos, “house”) + νέμω (némō, “distribute, allocate”).
1. (General American, Canada) IPA(key): /ikəˈnɑmɪks/, /ɛkəˈnɑmɪks/ 2. (Received Pronunciation) IPA(key): /ikəˈnɒmɪks/, /ɛkəˈnɒmɪks/
economics 1. masculine plural of economich
economics 1. masculine plural of economic
People also ask
What is the etymology of the word economics?
What is the evolution of Economics?
What is the history of Economics in Greece?
What is the econpym of Economics?
The Oeconomicus (Greek: Οἰκονομικός) by Xenophon is a Socratic dialogue principally about household management and agriculture.. It is one of the earliest works on economics in its original sense of household management, and a significant source for the social and intellectual history of Classical Athens.
Sep 11, 2020 · Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices ...
Dec 26, 2017 · Economics was first read in ancient Greece. Aristotle, the Greek Philosopher termed Economics as a science of ‘household management’. But with the change of time and progress of civilization, the economic condition of man changes. As a result, an evolutionary change in the definition of Economics is noticed.
In 1955 Russian-born American economist Simon Kuznets (1901–1985), who introduced the concept of Gross domestic product (GDP) in 1934 published an article revealing an inverted U-shaped relation between income inequality and economic growth, meaning that economic growth increases income disparity between rich and poor in poor countries, but ...
Econometrics definition is - the application of statistical methods to the study of economic data and problems.
Etymology definition is - the history of a linguistic form (such as a word) shown by tracing its development since its earliest recorded occurrence in the language where it is found, by tracing its transmission from one language to another, by analyzing it into its component parts, by identifying its cognates in other languages, or by tracing it and its cognates to a common ancestral form in ...