Question

'Nomos', is a Greek word which means ________.

• A. control
• B. administration
• C. management
• D. power

Answer 1

The correct option is C management

'Nomos' is a Greek word which means management (basically management of finance) introduced by Aristotle when he introduced the theory of household management (of finance). This introduction of the theory of household management later came to be termed as 'economics' and furthered the scope to national management of economic resources.