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Q: Why is an undertsanding of economics important to marketing now than in the past?
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Why is it important to study the great economists of the past?

It's not. Unless you need to to pass a class, in which case it is most important. It's far more important to study modern economics. While looking at what Aristotle or Malthus thought about the economy can be interesting and enlightening, their theories are largely discredited; it will not do much good in helping you understand the world. It's like trying to get a good model of the universe by studying Newton. He was revolutionary, but you will be better off learning modern physics, which happens to be largely based on Newton's work. Economics has had too many cranks and discredited theorists to waste your time studying its past. Unless that's what you want to do, of course.


Why do small enterprises continue to exist as an economy develops and expands?

No, i will not. How dare you try to cheat on your past paper economics homework?


What is the difference between anthropology and economics?

Anthropology is the study of past human species. While economics is the study of the economy. Actually, anthropology is the study of humans, including our ancestry and culture. Economics is the study of the economy, but more generally it is the study of how people make choices about how to use resources when those resources are limited. In that sense, economics can be thought of as a specialized sub-field of anthropology.


What is the relationship between geography at economics?

gergorphers study ecomoincs to help study the different places of gerogph.the past in now.study how everthing hd change.


Role of managerial economic in decision making?

The role of managerial economics in decision making is to help in the analysis of economic trends which will be used in making critical decision. This will focus on past, present and future economic patterns.

Related questions

Can you see an economics past paper?

no


What is the relationship of history to economics?

History is an important aspect in studying economics because it is not only a recording of past events but also a way for us to study the causes and effects of these events in our society. We can correlate the events that occurred in the past with what is happening in the present and hopefully never repeat past mistakes so that we can promote the welfare of the people.


Why is economics called political economics?

In the past (probably before the 19th Century), the study of economics is often referred to as "political economy". It is just a historical term and is rarely used today.


Past question on economics in post ume examination in abu zaria?

check your answer


Compare the marketing strategies in past and present?

In the past, most of the marketing strategies were aimed at developing a product and hoping it sells itself due to its usefulness. Lately, marketing strategies look at ideas that can have great demand, develop them and aggressively take them out to the public.


Where does economics word originates?

in the past period, economics is known as pultology. as the economy rises the liberalisation, privatisation, replaced by globalisation or with mixed economy. the moderm economist such as adam smith, michael hodge termed it as economics.............


I live in Islamabad Pakistan so where can I get O'level past papers for Economics and Business Studies?

k


What has the author Cleotilde Alday written?

Yolanda Aldape has written: 'Recuerdos of the past'


What role does customer service play in your efforts?

In internet marketing, your relationship with all customers, past, present and future is important. One way to promote returning customers is by providing superior customer service.


What if your most important achievements of the past year?

your most important achievements of the past year?


Cxc economics past papers?

you have to buy the booklet. or you can ask students who wrote the exams previous years. there are only 2 past papers out there. Multiple choice are illegal to have.


Why is it important to study the great economists of the past?

It's not. Unless you need to to pass a class, in which case it is most important. It's far more important to study modern economics. While looking at what Aristotle or Malthus thought about the economy can be interesting and enlightening, their theories are largely discredited; it will not do much good in helping you understand the world. It's like trying to get a good model of the universe by studying Newton. He was revolutionary, but you will be better off learning modern physics, which happens to be largely based on Newton's work. Economics has had too many cranks and discredited theorists to waste your time studying its past. Unless that's what you want to do, of course.