A shortened informal term for economics, the study of how money, goods, and resources are produced and distributed in a society.
'Econ' is simply an abbreviation of 'economics,' which comes from Greek 'oikonomia' (household management). The shortened form became standard in education and casual speech in the 20th century.
Abbreviations like 'econ' show how language is lazy and efficient at the same time—students and professionals shortened 'economics' because they used it constantly, and the shorter version stuck!
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