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Question
'Oikos' is a Greek term which means ________.
'Oikos' is a Greek term which means ________.
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Solution
The correct option is D household
'Oikos' is a Greek word which means house/household introduced by Aristotle when he introduced the theory of household management. 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.
'Oikos' is a Greek word which means house/household introduced by Aristotle when he introduced the theory of household management. 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.
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