Latin Term For Economics. The natural, everyday activities of maintaining a house are essential to. Quid pro quo is a latin term for something.

The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. Economy ( n.) the efficient use of resources; Mathematics is an ancient discipline, and consequently it has picked up a good deal of terminology over the years that is not commonly used in ordinary discourse.