The term "economics" is derived from the Greek words "oikos" and "nomos" meaning _________.

rule or law of household

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rule or law of the land

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rule or law of the nature

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thumb rule

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Solution

The correct option is A rule or law of household
The term economics is derived from the Greek word 'oikonomos' meaning the management of household. The term defines that how all resources are optimally used in an household so that maximum satisfaction is derived.

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The term "economics" is derived from the Greek words "oikos" and "nomos" meaning _________.

The correct option is A rule or law of householdThe term economics is derived from the Greek word 'oikonomos' meaning the management of household. The term defines that how all resources are optimally used in an household so that maximum satisfaction is derived.

The correct option is A rule or law of household
The term economics is derived from the Greek word 'oikonomos' meaning the management of household. The term defines that how all resources are optimally used in an household so that maximum satisfaction is derived.