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Economics (79,749 Books)

Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek ??????µ?a (oikonomia, 'management of a household, administration') from ????? (oikos, 'house') + ??µ?? (nomos, 'custom' or 'law'), hence 'rules of the house(hold)'.[1] Current economic models emerged from the broader field of political economy in the late 19th century. A primary stimulus for the development of modern economics was the desire to use an empirical approach more akin to the physical sciences.
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