The term 'Ecology' is derived from a Greek word 'Oikos' which means a place to live or habitation, and 'logos' which means study. So, ecology is the study of habitation of organisms. It was first described by Ernst Haeckel in 1869 who was a German biologist. He described ecology as the study of interactions in organisms with each other and with their surroundings or environment.
Hence, the statement given in the question is correct.
So, the correct answer is 'True'.