oikonomia
9.9
The way a community uses and shares money and goods
- noun
- /ˌɔɪkəˈnəmiə/
- Specialized
:
economía
- The goods necessary for living are economic goods—recall that oikonomia is the Greek for "managing a household"—and they are sharply distinguished from higher goods, which determine the good life for individuals and society.
Examples
-
The concept of oikonomia is essential for ensuring that communities can effectively manage their resources.
-
In a sustainable society, oikonomia emphasizes the careful allocation of resources to benefit everyone.
-
The principles of oikonomia guide governments in creating policies for economic stability.
Synonyms
economy
vsoikonomia
∞
2.6
The system a country uses to make, sell, and buy goods and services
focuses on managing community resources rather than listing economic activities
1
5.7
The whole economy of a country, including jobs, prices and the money it makes
stresses resource management within a community rather than aggregate indicators
How Developed
developed
14
2.7
14
2.7
mixed economy
2
4.1
- Specialized
2
4.1
oikonomia
- Specialized
developing country
45
3.0
45
3.0
barter
20
3.5
20
3.5
Surface Forms
oikonomia singular
oikonomias plural
Etymology
Oikonomia comes from the Greek parts oikos 'house' and nemein 'manage', the same root as the English word economy. Think of it as 'managing the household' on a larger scale, which is why the word means how a community or country manages its resources.