WHO IS THE FATHER OF THE MODERN ECONOMICS

Q: is father of economics

A: Adam Smith is popularly called the Father of Economics.  He is famous for his book - The Wealth of…

Q: Is economics one of the most important thing in the world? Why

A: Economics is the social aspect that deals with the interaction between people to make exchange of…

Q: What are economic systems, and how do they differ?

A: Answer: Economic system: it refers to the system by which resources, goods, and services are…

Q: How did ideas relating to economics vary, and how did these evolve in Europe during the early modern…

A: Economics refers to the subject that helps us solve the problem of scarcity of resources and…

Q: What can we learn from the Strength and Weaknesses of Malthusian Theory?

A: Malthusian Theory: The rise in the number of people and the strain it exerts on the resources of the…

Q: Macroeconomics is about all the following except

A: Economics is the study of scarcity and unlimited wants. Scarcity means that resources are unlimited…

Q: Explain why economics is so cool

A: Economics is a study of human behavior that helps to understand how individuals satisfy their…

Q: Is economics one of the most important in the world?

A: In a world, various activities, actions, and events took place in which people interact with each…

Q: How is the father of economics

A: Economics is a study of social science which allocates the limited resources to the unlimited wants…

Q: What are the key ingredients of an economic model, and why are models useful?

A: An economic model represents the quantitative relationship between two or more economic variables…

Q: Who did John Maynard Keynes advise with his economic theory?

A: The macroeconomic economic theory of total expenditure in the economy and its consequences on…

Q: what is modern economics

A: In an economy, the study of interaction among people for the purpose of buying and selling…

Q: what is micro economics?

A: Economics: The problem of scarcity induces to study the problem of choice at a social or national…

Q: Explain the nature of economics your own words, the explanation should be different from other…

A:

Q: Who is the 'father of economics'?

A: To find : Who is father of economics.

Q: Why economics is arts group

A: Economics is a social science as well as art which defines human behavior with the motive of…

Q: What is the role of Econometrics in Economics or in Agricultural Economics?

A: When studying economics, it can be seen that economics is divided into different parts according to…

Q: hat is an economic model?

A: Answer is given below

Q: what is economics

A: Answer to the question is as follows :

Q: What have you learned in the movie "The Wolf on Wall Street" that is related to Economics

A: The Wolf on Wall Street may be a film based on the true story of Jordan Belfort.  The Wolf of Wall…

Q: Base on your understanding illustrate what is economics

A: Similar, to other social branches of social studies, such as politics, geography, and history,…

Q: He described economics as a science of material welfare A. Robbins B. Marshall C. Ricardo D. Keynes

A: According to the given question In simple words economic as a science of the material welfare…

Q: What is the best and the worst economic theory of adam smith as an economist?

A: Adam Smith, the father of modern economics, was a Scottish economist, philosopher, and author in the…

Q: What is meant by economizing of resources?

A: In our economy, we are not having unlimited resources. The resources are limited in nature and thus…

Q: What are the Indicators of market potential according to Economic factors?

A: The economic indicators measure the performance of various variables and thus make predictions about…

Q: Economics

A: Amartya Sen has been known as the Mother Teresa of Economics for his work on starvation, human turn…

Q: what are some other things that the Coke employees who sold the secret recipe to Pepsi should have…

A: Economist always make decisions under rationality. Because rationality gives them better choice and…

Q: Which is the largest figure in economics?

A: Gross nominal product is the largest figure in the economics.

Q: What is economics about ?

A: The field of economics is mainly divided into two categories microeconomics and macroeconomics. The…

Q: How does a market failure cannot deliver theoretical benefits and what are its effects on the…

A: Market failure is a balance designation of assets that isn't Pareto Optimal - the likely reasons for…

Q: what are the four structures in  economics

A: In economics, market structure refers to how different industries are classed and distinguished…

Q: Should an economic model describe reality exactly?

A: Economics is a social science that discusses human behavior regarding their unlimited wants in terms…

Q: What is the cost of your one year education from the eye of an accountant and eye of an economist?

A: An accountant is the one who calculates the costs and profits using only explicit costs. An…

Q: to become an agricultural economist is it more important to know agriculture or to know economics…

A: Agricultural economics refers to the economic system that produces, distributes, and consumes…

Q: Is economics a science, an art or both ? Give reasons for the answer

A: Economic is defined as a study which seeks to analyze and describe distribution, production and…

Q: what first sink in your mind when we call applied economics

A: In an economy, the study of economics is further classified into parts such as public economics,…

Q: Discuss a theory of economics that you identify with - how is this theory applied in real world…

A: Theory of opportunity cost: In economics, opportunity cost can be understood as the second best…

Q: What is meant by micro economics?

A: People consume goods and services to satisfy human wants. People have to choose because resources…

Q: What is the interrelationships between economics and law?

A: "ECONOMICS AND LAW ARE INTERRELATED"......it can be explained with the help of following: Economics…

Q: True/False A Well tested or widely accepted economic theory is often called an economic principle

A: According to the given question Simply we can say that economic principles are those principles…

Q: Who are the forerunners and father of Economics. Explain and discuss their contribution in the field…

A: The greatest economists of the history of mankind or the forerunners of Economics Galileo Galilei…