Question

As per the old economists, economics meant __________.

• A. business management
• B. society management
• C. household management
• D. human management

Answer 1

The correct option is C household management

The old economists like Aristotle focused on household management of finance by the people which later on developed into other theories. Earlier it was termed as 'oikonomikos', which was a Greek word, instead of economics which meant management of house.