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  • Etymology: English Economics Greek

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    The Greek word "economics" can be traced back to the Greek words meaning "household management", which was derived from terms meaning "house" and "to manage". The earliest recorded usage of the word "economy" referred to "the management of household affairs". Later, it took on more general meanings like "thrift" and "administration". The modern sense of referring to "the economic system of a country or area" did not develop until the 19th or 20th century.

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    The Greek word "economics" can be traced back to the Greek words meaning "household management", which was derived from terms meaning "house" and "to manage". The earliest recorded usage of the word "economy" referred to "the management of household affairs". Later, it took on more general meanings like "thrift" and "administration". The modern sense of referring to "the economic system of a country or area" did not develop until the 19th or 20th century.

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    Etymology: English Economics Greek

    Uploaded by

    tidjani86
    The Greek word "economics" can be traced back to the Greek words meaning "household management", which was derived from terms meaning "house" and "to manage". The earliest recorded usage of the word "economy" referred to "the management of household affairs". Later, it took on more general meanings like "thrift" and "administration". The modern sense of referring to "the economic system of a country or area" did not develop until the 19th or 20th century.

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    Etymology[edit]

    The English words "economy" and "economics" can be traced back to the Greek word οἰκονόμος (i.e.
    "household management"), a composite word derived from οἶκος("house;household;home") and
    νέμω ("manage; distribute;to deal out;dispense") by way of οἰκονομία ("household management").
    The first recorded sense of the word "economy" is in the phrase "the management of œconomic
    affairs", found in a work possibly composed in a monastery in 1440. "Economy" is later recorded in
    more general senses, including "thrift" and "administration".
    The most frequently used current sense, denoting "the economic system of a country or an area",
    seems not to have developed until the 19th or 20th century.[11]

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