(Gr. oikonomia, "management," "economy").
Dispensations of Providence are providential events which affect men either in the way of mercy or of judgement.
An arrangement of things; a scheme.
Having made known unto us the mystery of his will, according to his good pleasure which he hath purposed in himself: that in the DISPENSATION of the fulness of times he might gather together in one all things in Christ, both which are in heaven, and which are on earth; even in him. ( Ephesians 1:9-10 )
The Greek word (oikonomia) so translated signifies primarily, a stewardship, the management or disposition of affairs entrusted to one. Thus 1 Corinthians 9:17, the King James Version "A dispensation of the gospel is committed unto me," the Revised Version (British and American) "I have stewardship entrusted to me." The idea is similar in Ephesians 3:2 parallel Colossians 1:25 (the Revised Version, margin "stewardship"). In Ephesians 1:10 God's own working is spoken of as "dispensation."
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