How did the Greek word oikonomia get the meaning of thrift?

1. What is the meaning of the Greek word Oikonomia?
2. Is economics derived from the word oikonomos?
3. What is the meaning of oikos in economics?
4. What Greek word did economics came from?

What is the meaning of the Greek word Oikonomia?

the term oikonomia referred to "household management" and while this was in some. loose way linked to the idea of budgeting, it has little or no relevance to contempo- rary. economics.

Is economics derived from the word oikonomos?

The term economics is derived from the Greek word 'oikonomos' meaning the management of household. The term defines that how all resources are optimally used in an household so that maximum satisfaction is derived.

What is the meaning of oikos in economics?

'Oikos' is a Greek word which means house/household introduced by Aristotle when he introduced the theory of household management. This introduction of the theory of household management later came to be termed as 'economics' and furthered the scope to national management of economic resources.

What Greek word did economics came from?

The word 'economics' is derived from two Greek words, 'eco' meaning home and 'nomos' meaning account, which refers to household management.