Doughnut Economics

Doughnut Economics

The term economics comes from the Ancient Greek οἰκονομία (oikonomia, "management of a household, administration") fromοἶκος (oikos, "house") and νόμος (nomos, "custom" or "law"), hence "rules of the house(hold for good management)".  The Economist's Dictionary of Economics defines economics as "the study of the production, distribution and consumption of wealth in human society."  Economics has also been described as a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.  Scarcity in this context typically relates to inputs to production such as human and financial capital.

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