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Business Studies

Importance and Features of Business Environment

The word 'Eco...

Question

The word 'Economics' originates from the word _________________.

A

Oikomnomikos

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B

Oikonomikos

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C

Eikonomikos

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D

Ekconomics

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Solution

The correct option is B Oikonomikos
Oikonomikos is a Greek word which means household management. It deals with the finance and position handling within an household. The term 'economics' which deals with national management of economic factors was, thus, further derived.

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