Etymology
The word "economics" is derived from the Greek words:
Meaning
Economics is the social science that studies the production, distribution, and consumption of goods and services. It explores how societies allocate their scarce resources and make decisions about what to produce, how to produce it, and for whom to produce it.
Origin
The term "economics" was first used in the 16th century by the Greek philosopher Xenophon, who wrote a book titled "Oeconomicus." However, the study of economic phenomena can be traced back to ancient civilizations, such as the Greeks, Romans, and Babylonians.
In the 18th century, Adam Smith's book "The Wealth of Nations" established economics as a distinct discipline. Smith's work laid the foundation for modern economic thought and introduced key concepts such as the division of labor, free markets, and the invisible hand.
Over the centuries, economics has evolved into a complex and multifaceted field, encompassing a wide range of subfields, including macroeconomics, microeconomics, econometrics, and behavioral economics.
Etymology The word economy is derived from the Greek word oikonomia which means ma
Etymology Economical derives from the Ancient Greek word οἰκονομικός oik
Etymology Oikos Greek house or household Nomos Greek law or management
Etymology The term ergonomics is derived from two Greek words Ergon ἔργον
Etymology The word economics is derived from the Greek words oikos meaning house
Etymology Latin mobilitas from movere to move Meaning The ability to move or
Etymology French prolétariat 1796 Coined from Latin proles offspring children
Etymology The word inflate originates from the Latin verb inflare meaning to blow int
Etymology From Ancient Greek αὐτάρκεια autárkeia from αὐτός autós
Etymology and Meaning The term sustainability originates from the Latin verb sustinere
The word consumer comes from the Latin word consumere which means to consume This
Etymology Latin congeries meaning a heap or mass Derived from the verb congerere
Etymology of Finance The word finance originates from the Old French word finer m
Etymology Latin scientia meaning knowledge Greek ἐπιστήμη epistēmē m
Etymology The word political comes from the Greek word politikos which means of or
