The word that comes from the Greek word for one who manages a household is
a. Consumer
b. Economy
c. Marke
d. Producer
Answers
Answer:
(b) Economy
Explanation:
Explanation for correct option:
Explanation for correct option:(b) Economy
The term economics is deduced from the Greek word 'oikonomos' meaning the operation of ménage. The term defines that how all coffers are optimally used in an ménage so that maximum satisfaction is deduced.
Explanation for incorrect options:
Explanation for incorrect options:(a) Consumer
Those who spoke Latin constructed the word 'consumere', which meant to use up, eat, or waste. Being a consumer does not inescapably mean you're squandering. We are all consumers when we go through the checkout line at the grocery store, for case.
(c) Maker
A person, company or machine that makes something.
(d) Producer
A producer is someone who creates and supplies goods or services. Directors combine labor and capital — called factor inputs to produce — that is, to affair — commodity differently. Business enterprises are the main exemplifications of directors and are generally what economists have in mind when talking about directors.
Therefore, option (b) is correct.
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The correct answer is option b) Economy.
The word "economy" is derived from the Greek word for a household manager. The Greek word "oikonomos" combines the words "oikos," which means "household," and "nomos," which means "to manage or arrange." An "oikonomos" was in charge of overseeing a household's resources in ancient Greece, including its finances, food, and supplies. The management of resources in a community or country as a whole came to be referred to as "economy" over time.
The production, distribution, and consumption of goods and services within a nation or region are all now referred to as an "economy" in today's terminology. It takes into account elements like employment, wages, prices, and economic growth. To allocate resources effectively and efficiently to meet the needs of society, it is crucial for people, businesses, and governments to understand the basic concepts of economics.
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