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Question

The word 'Economics' is derived from two Greek words _____ and _____.

A
Okos and Nomos
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B
Artha Shastra
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C
Acro and polis
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D
Geo and logy
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Solution

The correct option is A Okos and Nomos

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


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