laissez-faire
there were many economists like pigou,marshall and dada bhai naoroji who said about demand and supply theory.
Mercantilism :)
supported exploration
Such people are generally known as Economists. There are many varieties of economists, like Neo-Classical, Keynesian, Marxist, Mercantilist, Physiocratic, etc.People who develop ideas that explain how an economy works are called economists.
supported exploration:)
neoclassical theory ia an improved version of the classical theory
there are 3 neoclassical theories: HR theory behavioral theory social systems theory
neoclassical theory
A scientific theory is supported by evidence. Without evidence, it is only a hypothesis.
economic theory can guide the economists to solve macroeconomic issues such as inflation, unemployment, deflationary and inflationary gaps, budget deficits etc.
well if is not supported then is not a theory.
when you get touched by a ghost in the wrong places
The theory proposed by Henry Hess was supported with magnetic polarity reversals
heliocentric theory
Fast communication
Galileo
A hypothesis cannot be call a theory because,it has not supported a prediction even in the face of several experiment.