.
Dispensation as Paul used it simply means a giving of something. It could have been rendered distribution just as accurately.
Dispensationalism abuses the meanings of many words.
It is false to its core.
NO, it could not have been.
The Greek word oikonomia is used nine times in the New Testament. It means: "management of household affairs, stewardship, administration". Not once in all nine times that it is used could the word "distribution" fit.