ekonomik

Meanings

• noun

  Relating to the production, distribution, and consumption of goods and services.

  - "The economy is a complex system that involves the production, distribution, and consumption of goods and services."
  - "Economic theories attempt to explain how scarce resources should be allocated and how market forces operate."

• noun

  Managing or controlling resources and production, especially of a business.

  - "The CEO is responsible for the economics of the company, including production costs and revenue."
  - "Economic analysis is used to make informed business decisions."

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Variants

List of all variants of ekonomik that leads to same result
economic , economical , economic rent , economic rents , anti-economic , exclusive economic zone , Common Market , European Economic Community , geo-economic , geo-economics , geoeconomic , geoeconomics , socio-economic , socioeconomic , socioeconomically

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Etymology

origin and the way in which meanings have changed throughout history.

From Greek οἰκονομία (oikonomia), from οἶκος (oikos) 'house' + νόμος (nomos) 'management' or 'law'

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Economics is considered a social science.

2. The first known use of the term 'economics' was in 1303.

3. The study of economics can be traced back to ancient civilizations, including the Greeks and the Romans.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Microeconomics: The branch of economics that studies individual economic units, such as households and firms.

2. Macroeconomics: The branch of economics that studies the economy as a whole, including topics such as inflation, unemployment, and economic growth.

3. Supply and Demand: A fundamental economic concept that describes the relationship between the price of a good or service and the quantity demanded or supplied.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Economics has been a subject of interest for centuries and has been explored in various forms of literature, art, and music. For instance, Adam Smith's 'The Wealth of Nations' is considered a seminal work in economics. In art, there are numerous paintings and sculptures that depict economic themes, such as 'The Great Depression' by Dorothea Lange. In music, songs about economics can be found in various genres, from folk music to hip hop.

How to Memorize "ekonomik"

1. visualize
   

   - Visualize a house (oikos) and imagine managing its resources (nomos) to understand the meaning of economics.

2. associate
   

   - Associate economics with the management of resources, production, and distribution of goods and services.

3. mnemonics
   

   - Use the mnemonic 'Oh, I see economics' to help remember the meaning.

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