Economic
Example: The economic policies of the 19th century shaped modern capitalism.
Definition
"Economic" relates to the production, distribution, and consumption of goods and services. In history, "economic" describes policies, systems, and conditions affecting wealth and resources over time, such as the economic policies of the 19th century that influenced modern capitalism.
Etymology
The word "economic" comes from the Greek "oikonomikos," meaning 'management of a household or estate.' It entered English through Latin and French in the 15th century. Did you know? The root 'oikos' means 'house,' highlighting how early economic concepts were tied to managing a household efficiently.
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"Economic" appears in the Vocaplus list "English - History - (C1) - set 1", containing 198 commonly used words.
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