0
What else can I help you with?
The theory of laissez-faire economics called for the government to do what?
not to interfere with the economy
The theory of laissez faire economics called for the government to do what?
not to interfere with the economy
How does managerial economics bridge the gap between theory and business practices?
"Business economics integrates economic theory with business practice" Business economics is a special branch of economics that bridges gap between abstract theory and business practice. It deals with use of economic concepts and principles for decision making in a business unit. Hence, it is also called as Managerial Economics or Economics of the firm. Managerial economics is economics applied in the business decision making. Hence, it is also called Applied Economics. In simple words, business economics is the discipline which helps a business manager in decision making for achieving the desired results. In other words, it deals with the application of economic theory to business management.
What is the theory that the government can best stimulate the economy by helping businesses produce more known as?
supply-side economics
Whose theory of economics believed in a hands-off approach with respect to the government's involvement in the economy?
adam smith
The theory of laissez-faire economics called for the government to do what?
not to interfere with the economy
What theory of laissez-faire economics call for the government to do?
not to interfere with the economy
The theory of laissez faire economics called for the government to do what?
not to interfere with the economy
How does managerial economics bridge the gap between theory and business practices?
"Business economics integrates economic theory with business practice" Business economics is a special branch of economics that bridges gap between abstract theory and business practice. It deals with use of economic concepts and principles for decision making in a business unit. Hence, it is also called as Managerial Economics or Economics of the firm. Managerial economics is economics applied in the business decision making. Hence, it is also called Applied Economics. In simple words, business economics is the discipline which helps a business manager in decision making for achieving the desired results. In other words, it deals with the application of economic theory to business management.
What is the theory that the government can best stimulate the economy by helping businesses produce more known as?
supply-side economics
Whose theory of economics believed in a hands-off approach with respect to the government's involvement in the economy?
adam smith
The theory that the government can best stimulate the economy by helping businesses produce more is known as?
supply-side Economics
What is the theory that the government can best stimulate the economy by helping businesses produce more is known as?
supply-side Economics
The theory that government spending should increase during business slumps and curbed during booms is referred to as?
Keynesian Economics
Scope of micro and macro economics?
theory of income and employment: theory of general price level and inflation theory of economics macro theory of distribution' theory of international trade
What kind of science did David Richards Theory called the iron wages come to be called?
David Ricardo's theory of wages is part of the field of economics, specifically known as classical economics. His theory of iron law of wages posits that in the long run, wages tend to settle at the subsistence level necessary for the workers to survive.
Economics who developed the theory of a market structure called monopolistic competition?
The American economist Edward Chamberlin
