samrasheikh Posted October 19, 2017 Report Share Posted October 19, 2017 The word economy comes from Greek word oikonomos, which means " one who manages a household" A household faces many decisions. Like a houshold a society faces many decisions.Economics is the study of how society manages its scarce resources.Although the study of economics has many facets, the field is unified by several central ideas. Quote Link to comment
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