alleryThe term 'Economics' is derived from the Greek word 'Oikonomia', which originally means:
AMarketplace
BHousehold
CWealth
DGovernment
Answer & Solution
Correct answer: B. Household
1. The word 'Economics' traces back to the Greek 'Oikonomia'.
2. 'Oikonomia' translates to 'household'.
3. Wealth, marketplace, and government are unrelated to its literal root.
_Source: ICAI BoS CA Foundation Paper 4 Business Economics, Ch 1 Unit I "Nature and Scope of Business Economics", p.1_
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