WHAT IS THE DEFINITION OF ECONOMICS

DEFINITION OF ECONOMICS WEALTH DEFINITION:–  Adam Smith (1723-90). The great Scottish economist. WELFARE DEFINITION:- Alfred Marshall (1842-1924). The English economist. SCARCITY DEFINITION:-  Lord Robbins (1898-1984). …

Read more

Types of economic system

What is Economic System ?

Concept of Economy/Economic system It refers to the system by which people earn their livelihood (food, shelter, clothing, housing, health care, etc.) The economy is …

Read more