🇮🇹Italian Source WordCode: IT

Economia

Pronunciation / Transliteration: ekonomia

🇬🇧 Direct English Meaning:
Economics/ɪˈkɒnəmɪks/
nounCEFR B2 (Upper)Top #500 frequency
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🇮🇹 Example Sentence in Italian:

"L'economia italiana sta crescendo."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The branch of knowledge concerned with the production, consumption, and transfer of wealth.

    "Understanding economics is essential for making informed financial decisions."
  2. 2

    The study of how societies use scarce resources to produce valuable commodities and distribute them among different people.

    "The economics of developing countries often differ significantly from those of developed nations."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'economics' originates from the Greek word 'oikonomia', which means 'household management'. It evolved through Latin and Middle French before entering English in the late 19th century, reflecting the discipline's focus on resource allocation and decision-making in both households and broader societies.

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