The word "economy" comes from the Greek word oikonomos, which means: a) "environment" b) "production" c) "one who manages a household" d) "one who makes decisions"

• The correct answer is c) "one who manages a household"

Economics is the social science that deals with scarcity and the optimal allocation of the limited resources of a society. The word economy and economics is a derivation of the Greek word oikonomos which can be translated as the management of the house. This world is divided into two parts. The first part is oikos which was associated with family and the properties of the family including the house. The second part is nomos which was associated with concepts of rules or accounting. Therefore, the oikonomos was the person who was the manager of the house. In conclusion, the correct answer is option c). On the other hand, all other options are not the English translations of the Greek word oikonomos and as a consequence, they are not associated with the word economy.