'economy' originates from Greek, specifically the word 'oikonomia', where 'oikos' meant 'house' and 'nomos' meant 'law'.

'oikonomia' transformed into the Latin word 'oeconomia', and eventually became the modern English word 'economy' through Middle English.

Initially, it meant 'household management', but over time it evolved into its current meaning of 'the wealth and resources of a country or region'.