What is the definition and history of economics?
Economics is present in our daily lives, even if we do not always recognize it.
The word economic...
What is the definition and history of economics?
Economics is present in our daily lives, even if we do not always recognize it. The word economics comes from the Greek words oikos and nomos, meaning household and administration. Economics is related to the daily activities of the household and its administration. Economics is a complex and abstract concept that is not relevant to our daily lives. a) Statements 1, 2, and 3 are correct. b) Statements 1 and 2 are correct. c) Statements 2 and 3 are correct. d) Statement 4 is correct.
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