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What is economics and its origin?

Updated: 4/28/2022
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Q: What is economics and its origin?
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Where does the word economics come from?

The word "economics" has it's origin in the Greek "oikonomikós" (relating to household management), from "oikos" (house).


The origin of economics lies in endless human wants and scarcity of resources?

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What is the origin development of mathematical economics?

I cannot quite understand your eaning of "origin". If you mean the first one in history of economics to had done mathematical analysis, it was ricardo when he was working on his incomplete theory of labour. But the first one to have done complete mathematical deuction was Thuen(not sure if I have spelled that wrong" a Gernman. Please correct me if I have said anything wrong.


Origin of economics?

The term economics comes from the Ancient Greekοἰκονομία (oikonomia, "management of a household, administration") from οἶκος(oikos, "house") + νόμος(nomos, "custom" or "law"), hence "rules of the household.For more detailplz contactNajaf Alialians_5@hotmail.com


The origin of economic lies in endless human wants and scarcity of resource?

the original of economics lies in endless human want and scarcity of resources elabolate


What are the classifications of economics?

classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)


Classification of economics?

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What has the author Carl Menger written?

Carl Menger was an important figure in the development of the Austrian School of Economics. He is best known for his work "Principles of Economics," which laid the foundation for the theory of marginalism and subjective value. Menger's ideas helped shape the field of economics and influence the work of future economists.


What has the author Frank Livesey written?

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