Economics is derived from the Greek word ‘oikonomikus’ which means

The correct answer is: C. House Management

The Greek word ‘oikonomikos’ means ‘household management’. It is derived from the words ‘oikos’, meaning ‘house’, and ‘nomos’, meaning ‘law’ or ‘custom’. The word ‘economics’ was first used in the 16th century to refer to the management of a household. It was not until the 18th century that the word began to be used to refer to the study of the production, distribution, and consumption of goods and services.

The other options are incorrect because:

• Business management is the process of planning, organizing, directing, and controlling a business.
• Economics is the social science that studies the production, distribution, and consumption of goods and services.
• Wealth management is the process of managing an individual’s or family’s financial assets.