This verb means to manage or administer, particularly in the role of a steward (οἰκονόμος) who oversees another's property or household. In Luke 16:2, the master confronts his steward: 'Give an account of your stewardship, for you can no longer manage my affairs.' The word implies delegated authority and responsibility—the steward doesn't own the resources but must faithfully administer them. Classical usage includes managing public offices and regulating resources, themes central to Jesus' stewardship parables.