Podcast
Questions and Answers
What is the literal translation of the Greek word 'oikonomikos'?
What is the literal translation of the Greek word 'oikonomikos'?
What term did French mercantilists use to describe matters related to public administration?
What term did French mercantilists use to describe matters related to public administration?
What is the root word of the term 'economics'?
What is the root word of the term 'economics'?
What does the term 'oikonomia' literally translate to?
What does the term 'oikonomia' literally translate to?
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In the context of economics, what is the origin of the term 'economie politique'?
In the context of economics, what is the origin of the term 'economie politique'?
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What is the primary focus of economics?
What is the primary focus of economics?
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What is an economic activity?
What is an economic activity?
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Which of the following is an example of an economic activity?
Which of the following is an example of an economic activity?
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What is the scope of economics?
What is the scope of economics?
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What is the main concern of economics in relation to human activities?
What is the main concern of economics in relation to human activities?
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Study Notes
Origins of Economics
- The term "economics" comes from the ancient Greek word "oikonomikos" or "oikonomia", which translates to "the task of managing a household".
- The French mercantilists used the term "economie politique" or "political economy" to refer to matters related to public administration.
Definition of Economics
- Economics is a social science that studies economic activities of individuals.
- Economic activities involve earning and spending money.
- Any activity related to earning or spending money is considered an economic activity.
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Description
Discover the roots of economics, from the ancient Greek word 'oikonomikos' to the French term 'economie politique'. Learn about the evolution of the concept of economics and its relation to public administration. Test your knowledge and understanding of the history of economics.
