Explain the origin of word “Economics” and “Statistics”.
Answers
Answer:
The term statistics is ultimately derived from the New Latin statisticum collegium ("council of state") and the Italian word statista ("statesman" or "politician"). ... Thus, the original principal purpose of Statistik was data to be used by governmental and (often centralized) administrative bodies.
Answer:
The word 'economics' comes from two Greek words, 'eco' meaning home and 'nomos' meaning accounts. The subject has developed from being about how to keep the family accounts into the wide-ranging subject of today.
Statistics is a very well-known term in the history, be it ancient or medieval. ... ' According to scholars, the origin is German and the word it comes from is 'statistik. ' Similarly, according to more suggestion, the origin is traced back to a French word called 'statistique.
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