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EconomicsEconomicsEconomics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek ????????? (oikonomia, “management of a household, administration”) from ????? (oikos, “house”) + ????? (nomos, “custom” or “law”), hence “rules of the house(hold)”.[1] Current economic models emerged from the broader field of.