The Word ‘Economics’ is taken from which Language?

  1. French
  2. Greek
  3. German
  4. English

 

Monis Rasool Professor Asked on 17th May 2015 in Economics.
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    Greek

    The word ‘Economic’ is taken from which language.  The term, Economics comes from the Ancient Greek. It is the social science that studies that studies economic activity to gain an understanding of the processes that govern the production, distribution and consumption of goods and services in an economy.

    The means of Economic is the social science which determine production, distribution and consumption of goods and services. Economic create a trade environment, in this environment the theories, principles and models that deal with how the market process works.

    Monis Rasool Professor Answered on 17th May 2015.
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