Economic
/ˌɛkəˈnɒmɪk/noun
Relating to the production, distribution, and consumption of goods and services.
Did you know?Economic comes from Greek oikonomikos, tied to oikonomia, the art of managing a household—so the word’s deepest root is literally about ordering a home, not a market.
Etymological Timeline
Ancient Greek
Greek
oikonomikos
“Pertaining to household management”
Ancient Greek
Greek
oikonomia
“Household management, stewardship, administration”
Late Latin
Latin
oeconomicus
“Relating to household management”
Middle French
Old French
économique
“Economic, relating to management or administration”
16th Century
English
economic
“Relating to the management of a household or resources”
Modern English
English
economic
“Relating to the production, distribution, and consumption of goods and services”
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