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Economics Origins

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Questions and Answers

What is the literal translation of the Greek word 'oikonomikos'?

The study of money

The task of managing a household (correct)

The art of trade

Public finance management

What term did French mercantilists use to describe matters related to public administration?

Economic policy

Public finance management

Household administration

Economie politique (correct)

What is the root word of the term 'economics'?

Economia

Oikonomikos (correct)

Politikos

Oikos

What does the term 'oikonomia' literally translate to?

The task of managing a household Signup and view all the answers

In the context of economics, what is the origin of the term 'economie politique'?

French mercantilists Signup and view all the answers

What is the primary focus of economics?

The examination of economic activities Signup and view all the answers

What is an economic activity?

Any activity that is related to earning or spending money Signup and view all the answers

Which of the following is an example of an economic activity?

Buying a new pair of shoes Signup and view all the answers

What is the scope of economics?

Includes all economic activities of individuals and societies Signup and view all the answers

What is the main concern of economics in relation to human activities?

Their relationship to money Signup and view all the answers

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.