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Economics
By : karishma111 |
Members :2
Location : Adam , Oman
Type : Public
Created on :
29 Dec 2012
Last Updated on :
29 Dec 2012 |
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Findfriendz / Clubs / Business & Finance / Economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία (oikonomia, "management of a ho usehold, administration") from οἶκος (oikos, "house") + (nomos, "custom" or "law"), hence "rules of the house(hold)".[1] Political economy was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" that also avoided a narrow political-interest connotation and as similar in form to "mathematics", "ethics", and so forth. More
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