The Word ‘Economics’ is taken from which Language?
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.