0
What else can I help you with?
Who said the demand and supply theory of books?
there were many economists like pigou,marshall and dada bhai naoroji who said about demand and supply theory.
What is the economic theory that supported colonialism?
Mercantilism :)
Which fact is not true of the mercantile theory?
supported exploration
What are who developed ideas that explained how the economy worked known as?
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.
Which fact below is not true of the mercantile theory?
supported exploration:)
How is the Neoclassical theory and how its related to classical?
neoclassical theory ia an improved version of the classical theory
What is Neoclassical theory of management?
there are 3 neoclassical theories: HR theory behavioral theory social systems theory
What is several modifications of classical theory collectively referred to?
neoclassical theory
What are the Three stems of traditional organizational theory?
The three stems of traditional organizational theory are classical, neoclassical, and modern. Classical theory emphasizes rationality, efficiency, and hierarchy. Neoclassical theory focuses on the importance of human behavior and motivation within organizations. Modern theory includes various perspectives such as contingency theory, systems theory, and organizational ecology.
What are the assumptions of the neoclassical model?
The neoclassical model assumes that individuals are rational, markets are perfectly competitive, resources are scarce, technology is constant, and individuals act to maximize their utility or profit. These assumptions form the foundation of neoclassical economic theory.
How can macro economists use the micro economic theory to guide them in their work?
economic theory can guide the economists to solve macroeconomic issues such as inflation, unemployment, deflationary and inflationary gaps, budget deficits etc.
What happens when a hypothesis is not supported?
well if is not supported then is not a theory.
What was Adam smiths invisible hand theory?
when you get touched by a ghost in the wrong places
Copernicus created a model that supported this theory?
heliocentric theory
What was Albert Einstein's stance on the theory of evolution?
Albert Einstein supported the theory of evolution and believed in the scientific evidence that supported it.
What is the central idea behind the political theory of socialism?
Fast communication
What are advantages of neoclassical theory?
Some advantages of neoclassical theory include its emphasis on rational decision-making by individuals, the focus on market equilibrium, and its ability to provide clear analysis and predictions based on mathematical models. These aspects make it a useful tool for understanding and analyzing various economic phenomena.
