Philosophy & ThoughtGreek → English
Economy
A system of production, trade, and consumption.
The Greek roots
οἶκος
oîkos
house, household
νόμος
nómos
management, law
Literally: “household management”
The story of the word
It began as the running of a single household and grew to mean the management of a whole nation's resources.
The same roots elsewhere
Other languages reached for exactly the same Greek pieces.
In a sentence
The whole economy hinged on the harvest.