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Oikonomika (which was the name of a treatise by Aristotle).
Wiki User
∙ 14y ago
Wiki User
∙ 14y agoIt means ''rules of the house(hold)'' greek: οικονομία from οικος (oikos, "house") + νόμος (nomos, "custom" or "law").
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What is okonomia?
Oikonomia is a Greek word for economics.And economics is a science
What is the origin of the word economic activity?
There is some disagreement however most would maintain that economics originated with early mercantilist and pre-classical theories such as those of John Locke, Richard Cantillon, Dudley North, Thomas Mun and some physiocrats such as Francis Quesnay. As an interesting point as a science it started rather late compared to most however many believe this is because a fully coherent market economy did not come to existence till the imperialist rise of nations such as England, France and Spain.
What is the meaning of the word opulent?
The word "opulent" in definitions means "rich or superior in quality". It was derived from Ops, the Greek Goddess of Fertility and Abundance.
What is macroeconomic and microeconomics?
The study of economics is divided by the modern economists into two parts viz. Micro economics and Macro economics. Micro economics and Macro economics, both the terms were used in 1933 by Prof. Ragnar Frisch from Oslo University of Norway. The word micro has been derived from the Greek word `Mikros' i.e. small and the word macro has been derived from Greek word `Makros' i.e. large.According to Prof. K. E. Boulding, "Micro Economics is the study of particular firm, particular household, individual prices, wages, incomes, individual industries and particular commodities."Microeconomics is a branch of economics that studies the behaviour of individual households and firms in making decisions on the allocation of limited resources. Typically, it applies to markets where goods or services are bought and sold. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services, which determines prices, and how prices, in turn, determine the quantity supplied and quantity demanded of goods and services.On the contrary, macroeconomics involves the "sum total of economic activity, dealing with the issues of growth, inflation, and unemployment." Macroeconomics also deals with the effects of national economic policies such as changing taxation levels.According to Prof. Boulding, "Macro Economics deals not with individual quantities as such but with aggregates of the quantities, not with individual incomes but with the national income, not with the individual prices but with the price level, not with the individual output but with the national output."The study of economics is divided by the modern economists into two parts viz. Micro economics and Macro economics. Micro economics and Macro economics, both the terms were used in 1933 by Prof. Ragnar Frisch from Oslo University of Norway. The word micro has been derived from the Greek word `Mikros' i.e. small and the word macro has been derived from Greek word `Makros' i.e. large.According to Prof. K. E. Boulding, "Micro Economics is the study of particular firm, particular household, individual prices, wages, incomes, individual industries and particular commodities."Microeconomics is a branch of economics that studies the behaviour of individual households and firms in making decisions on the allocation of limited resources. Typically, it applies to markets where goods or services are bought and sold. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services, which determines prices, and how prices, in turn, determine the quantity supplied and quantity demanded of goods and services.On the contrary, macroeconomics involves the "sum total of economic activity, dealing with the issues of growth, inflation, and unemployment." Macroeconomics also deals with the effects of national economic policies such as changing taxation levels.According to Prof. Boulding, "Macro Economics deals not with individual quantities as such but with aggregates of the quantities, not with individual incomes but with the national income, not with the individual prices but with the price level, not with the individual output but with the national output."
What is the difference between economic and science?
economics is the study in which we study benefits and loss through this profits and losses can be determined,...whilescience is the knowledge gained throgh observations and experimentation ,...while this word is derived from a latin word scientia which means knowledge
Is Xenon a Greek word?
It is derived from xenos, which is a Greek word.
What language did economics come from?
From the late 16th Century denoting ' 'household management, derived from the Greek word 'oikonomika'. In the more modern sense, the word has developed from the 18th century
What Greek word did economics come from?
Economics is derived from two Greek words: oikia a house and nomos a law. Taken together they mean ' rules for running your home'. In Ancient Greece many people could live in a house, which means it was expensive to feed, clothe and provide them with beds. Owners wanted to cut costs, which is still the basis of economics.
What is the word physic derived from?
Physics is derived from the greek word physikos meaning nature
What is the word derived from the Greek word wanderer?
planet
The word electronics is derived from what greek word?
Elektron :)
What English word is derived from the greek word?
Demons
What is the greek word for lamp?
The word lamp is derived from the Greek word lampas, meaning torch.
Who is the father of economics why he called father of economics from which word economics derived?
John Maynard Keynes"Father of Economics" some says that "Adam Smith" is the real father of economics
Argon is derived from which Greek word?
Inert
What English word comes from the greek word hypokrite?
hypocrisy is the English word derived from the Greek word hypokrites
Where does the word economics come from?
The word "economics" has it's origin in the Greek "oikonomikós" (relating to household management), from "oikos" (house).
