Economic
Economic Pronunciation: /ɪˌkɒnəˈmɪk/
The term "economic" is derived from the Greek word "oikonomikos," which means skilled in household management. It is an adjective that pertains to the production, distribution, and use of income, wealth, and commodities.
Etymology
The term "economic" comes from the ancient Greek word "oikonomikos," which is derived from "oikonomia" meaning "household management." The term was first used in English in the 1590s, with the meaning "pertaining to management of a household."
Related Terms
- Economics: The social science that studies the production, distribution, and consumption of goods and services.
- Economist: A professional in the social science discipline of economics.
- Economic system: A system of production, resource allocation and distribution of goods and services within a society or a given geographic area.
- Microeconomics: The branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
- Macroeconomics: The branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.
See Also
External links
- Medical encyclopedia article on Economic
- Wikipedia's article - Economic
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