Word: economic Part of Speech: adj Etymology: Etymology tree Proto-Indo-European *weyḱ- Proto-Indo-European *-os Proto-Indo-European *wóyḱos Proto-Hellenic *wóikos Ancient Greek οἶκος (oîkos) Proto-Indo-European *nem-der. Proto-Indo-European *németi Proto-Hellenic *némō Ancient Greek νέμω (némō) Proto-Indo-European *-os Proto-Hellenic *-os Ancient Greek -ος (-os) Ancient Greek νόμος (nómos) Ancient Greek οἰκονόμος (oikonómos) Proto-Indo-European *-h₂ Proto-Indo-European *-éh₂ Proto-Indo-European *-i-eh₂ Proto-Hellenic *-íā Ancient Greek -ῐ́ᾱ (-ĭ́ā) Ancient Greek οἰκονομία (oikonomía)bor. Latin oeconomia Proto-Indo-European *-ikos Proto-Italic *-ikos Latin -icus Latin oeconomicusder. Old French iconomikeder. Middle English iconomiquebor. Middle English economike, iconomique English economic The noun is derived from Middle English economike, iconomique (“household management”), and then: * from Middle French iconomique, oeconomique, and Old French iconomike (“(noun) household management; person in charge of household management; (adjective) relating to household management; relating to domestic or family matters; relating to management of a state; reducing costs or expenses, economical”) (modern French économique); and * from their etymon Latin oeconomicus (“(noun) household manager, housekeeper, steward; (adjective) relating to orderly arrangement of written material”) (whence Late Latin economicus (“relating to (management of) a household”)), and economica (“household management”), both from Ancient Greek οἰκονομῐκός (oikonomĭkós, “skilled in household management; frugal, thrifty, economical”) (whence Koine Greek οἰκονομῐκός (oikonomĭkós, “relating to orderly arrangement of written material”)); from οἰκονόμος (oikonómos, “master of a house; household manager, steward; administrator, manager”) + -ῐκός (-ĭkós, suffix meaning ‘of or relating to’ forming adjectives). Οἰκονόμος (Oikonómos) is derived from οἶκος (oîkos, “dwelling place, house; estate”) (ultimately from Proto-Indo-European *weyḱ- (“(verb) to enter in; to settle; (noun) settlement”)) + νόμος (nómos, “law, ordinance”) (from νέμω (némō, “to distribute; to possess”) (ultimately from Proto-Indo-European *nem- (“to distribute; to give; to take”)) + -ος (-os, suffix forming o-grade action nouns from verbs)). Noun sense 2.2 (“one who manages the income of a vacant benefice”) is from Italian economo, from Late Latin oeconomus (“housekeeper, steward; administrator, especially of a religious foundation”), from Ancient Greek οἰκονόμος (oikonómos, “master of a house; household manager, steward; administrator, manager”): see above. The adjective is derived from the noun; compare the adjective senses in Middle and Old French, Latin, and Ancient Greek. By surface analysis, economy + -ic. Pronunciation: /ˌiːkəˈnɒmɪk/, /ˌɛ-/, /ˌɛkəˈnɑmɪk/, /ˌi-/, /ˌikəˈnɑmɪk/ 1. Pertaining to an economy. Example: Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too. GDP measures the total value of output in an economic territory. Its apparent simplicity explains why it is scrutinised down to tenths of a percentage point every month. Example: There is much talk of tyranny in the political realm, but little is said about the tyrannies in the economic realm, a primary one being the tyranny of high costs: high costs crush the economy from within and enslave those attempting to start enterprises or keep their businesses afloat. 2. Frugal; cheap (in the sense of representing good value); economical. 3. Pertaining to the study of money and its movement. 4. Pertaining to the management of a household Labels: obsolete Example: And doth employ her Oeconomick Art, and buisy Care, her Houshold to preserve