economics

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[edit] Etymology

From economy, from Latin oeconomia from Ancient Greek οἰκονομία (oikonomia, management of a household, administration) from οἶκος (oikos, house) + νόμος (nomos, law).

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economics (uncountable)

  1. (Social sciences) The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.

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