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  • Social Science Production Distribution Consumption Goods and Services Ancient Greek Political Economy

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    Julius Olandria Jr.
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    Economics is the social science that examines the production, distribution, and consumption of goods and services. It seeks to describe the factors that influence these economic activities. The term "economics" derives from the ancient Greek words meaning "rules of the household" and originally referred to managing resources well. While political economy was initially used to describe the field of study, economists in the late 19th century proposed the shorter term "economics" to distinguish it as its own discipline separate from political science and other social sciences.

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    Economics is the social science that seeks to describe the factors which determine theproduction, distribution and consumption of goods and services

    Original Title

    Economics

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    Economics is the social science that examines the production, distribution, and consumption of goods and services. It seeks to describe the factors that influence these economic activities. The term "economics" derives from the ancient Greek words meaning "rules of the household" and originally referred to managing resources well. While political economy was initially used to describe the field of study, economists in the late 19th century proposed the shorter term "economics" to distinguish it as its own discipline separate from political science and other social sciences.

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    © All Rights Reserved
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    14 views1 page

    Social Science Production Distribution Consumption Goods and Services Ancient Greek Political Economy

    Uploaded by

    Julius Olandria Jr.
    Economics is the social science that examines the production, distribution, and consumption of goods and services. It seeks to describe the factors that influence these economic activities. The term "economics" derives from the ancient Greek words meaning "rules of the household" and originally referred to managing resources well. While political economy was initially used to describe the field of study, economists in the late 19th century proposed the shorter term "economics" to distinguish it as its own discipline separate from political science and other social sciences.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Economics is the social science that seeks to describe the factors which determine

    theproduction, distribution and consumption of goods and services.


    The term economics comes from the Ancient Greek from (oikos, "house") and (nomos, "custom" or
    "law"), hence "rules of the house (hold for good management)".[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" to establish itself as a
    separate discipline outside of political science and other social sciences.

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