The term economics is derived from ancient Greek word "OIKONOMIA" which means ____________.

rules of household

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art of living

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science of goods governance

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law of rational behaviour

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Solution

The correct option is A rules of household
The English term 'Economics' is derived from the Greek word 'Oikonomia'. Its meaning is 'household management'. Economics was the first to read in ancient Greece. Aristotle, the Greek Philosopher termed Economics as a science of 'household management'

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