Nature of Economics
Nature of Economics
Wealth and Welfare Definition of Economics
- Adam Smith has published his famous book entitled ‘An Inquiry into the Nature a...}
Nature of Economics
Scope of Economics
- Scope of economics means area covered by subject economics i.e. the whole topics which shou...}
Nature of Economics
Micro & Macro and Positive & Normative Economics
- Modern economists have divided the whole economic theories into two parts - Microeconomics...}
Nature of Economics
Scarcity Definition of Economics
- Lionel Robbins' defined economics as a science of choice in his book, " Nature and signific...}