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Question

The meaning of Greek word oikonomikus is

A
Wealth Management
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B
House Management
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C
Business Economics
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D
Business Management
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Solution

The correct option is B House Management

This question explains how economics is related with household management: The natural, everyday activities of maintaining a house are essential to the beginnings of economy. From farming, cleaning, and cooking to hiring workers and guarding your property, the household can offer a model for a modern understanding of society therefore economics is related with ‘household management’.


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ECONOMICS
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