Greek 'oikonomia' — literally 'household management,' from 'oikos' (house) + 'nomos' (law). Same root as 'ecology.'
The system of production, distribution, and consumption of goods and services in a country or region.
From Greek oikonomía (οἰκονομία, household management), a compound of oîkos (οἶκος, house, dwelling, household) + nómos (νόμος, law, management), from némein (to manage, to distribute, to assign). PIE roots: *weyḱ- (settlement, clan) for oikos, and *nem- (to assign, to take) for nomos. The word originally referred strictly to managing a single household — keeping accounts, supervising
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