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Economics, as a distinct field of study, actually traces its origins back to earlier thinkers like Adam Smith in the 18th century, though it gained prominence as a formal discipline in the 19th and 20th centuries. The 1900s saw significant developments, such as the rise of Keynesian economics in response to the Great Depression and the emergence of various schools of thought, including neoclassical and behavioral economics. These advancements solidified economics as a vital social science, focusing on the allocation of resources, production, and consumption patterns. Today, it encompasses a wide range of topics, integrating insights from psychology, sociology, and political science.
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Father of economics?
If we think about economics as the science that studies why some countries are richer than others, then the father is Adam Smith.On the other hand, the economics that dominate undergraduate studies today are based upon the problem of how to allocate scarce resources having infinite necessities, then I think the fathers will be the economists of the so-called Marginal Revolution(Jevons, Menger and Walras), followed by Alfred Marshall.
What are some disadvantages?
There are quite a few disadvantages of economics such as having to watch money. Other disadvantages include having to figure out a lot of math.
What are aviation economics?
Aviation Economics is the financial and management side of aviation, E.g: American Airlines; are they having the correct and enough aircraft servicing a destination? Is it costing the airline to much, etc?
Is micro economics positive or normative?
Positive, it's all about having objectives that can be tested, amended or rejected with the help of evidence or an objective explanation.
What is pricing practices in managenerial economics?
The pricing practices in managerial economics refers to what type of price strategy an industry is having in the market.A pricing strategy followed by an industry depends up on the present market conditions and importantly upon the objectives of an industryan industry can follow :- Nonprofit maximisation having object of sales maximisationlimit pricingprice discriminationnon managerial pricingmulti product pricingpeak load pricingtransfer pricing
How many GCSE to be a nurse?
You need a masters in economics and science aswell as having a degree in cheesecake psychology.
Father of economics?
If we think about economics as the science that studies why some countries are richer than others, then the father is Adam Smith.On the other hand, the economics that dominate undergraduate studies today are based upon the problem of how to allocate scarce resources having infinite necessities, then I think the fathers will be the economists of the so-called Marginal Revolution(Jevons, Menger and Walras), followed by Alfred Marshall.
What is non economics resources?
having no economic importance or implication
What are the advantages of having a strong federal government?
Stronger economics in country.
What effects does having that type of government have on the economics structure of cuba?
cheat
What does spatial science mean?
science mean having
Is Having a dream in which you are killed relatively common?
Yes, dreams in which you are killed or seeing yourself dead are relatively common.
Hi is this a cool website?
it's okay but this is just an opinion i think they need to have more on economics. I'm having trouble finding things for school in economics and government.
What are some disadvantages?
There are quite a few disadvantages of economics such as having to watch money. Other disadvantages include having to figure out a lot of math.
Are 72 and 115 relatively prime?
72 and 115 are relatively prime, having no common factors greater than 1.
What are some Different kinds of forensic science?
having sex having sex
What are aviation economics?
Aviation Economics is the financial and management side of aviation, E.g: American Airlines; are they having the correct and enough aircraft servicing a destination? Is it costing the airline to much, etc?
