04/09/2026
Friday Flashcard : ECONOMICS
The word Economics comes from the Greek word “Oikonomia,” which relates to household management.
💡 Simple Meaning:
Economics is about how people make choices because resources are limited.
📌 Definition:
Economics is the study of how people, businesses, and governments use limited resources to satisfy their needs and wants.
🧠 Think about it:
How do you decide where to spend your money?