The science that deals with description and analysis of the production,
distribution, and consumption of goods and services.
From L. oeconomicus "well ordered,"
from Gk. oikonomikos "practiced in the management of a household or family,"
from oikonomia, from oiko- "house," → eco-,
+ -nomia "rule, law," → -nomy; +
Bum, → eco- + -dât,
→ -nomy, + -ik, → -ics.