Question

Statements related to economics
1) Economics is a social science.
2) Concept of economics is derived from Greek word Oikonomia
3) Economics is related to the study of human economic behavior.
4) Economics is related to management of the household.

Answer 1

Answer:

1) and 3) is the correct answer

Answer 2

Answer:

The correct answer is (1),(2),(3),(4)

Explanation:

The English term 'Economics' is derived from the Greek word 'Oikonomia'. Its meaning is 'household management'. Economics was first read in ancient Greece. Aristotle, the Greek Philosopher termed Economics as a science of 'household management'.

Hope this answer helps you out .