'economics' originates from Greek, specifically the word 'oikonomikos,' where 'oikos' meant 'house' and 'nomos' meant 'law.'

'oikonomikos' transformed into the Latin word 'oeconomicus,' and eventually became the modern English word 'economics' through Middle English.

Initially, it meant 'management of a household,' but over time it evolved into its current meaning of 'study of wealth and resources.'