The Innovation Theory of Profit has been propounded by: F.H. Knights Keynes F.B. Hawley Kent Joesph Schumpeter.
Milton Friedman propounded the Wealth Theory of Demand for Money. It is also known as Restatement of Quantity Theory of money.
explain theory of absolute cost advantage as propounded by Adam smith
Dadabhai naoroji...
Comparative cost theory was propounded by economist David Ricardo in the early 19th century. This theory explains how countries can benefit from trade by specializing in the production of goods for which they have a comparative advantage, meaning they can produce those goods at a lower opportunity cost than other countries. Ricardo's insights laid the groundwork for modern trade theory and the understanding of international trade dynamics.
The comparative cost theory was propounded by the economist David Ricardo in the early 19th century. This theory explains how countries can benefit from trade by specializing in the production of goods for which they have a lower opportunity cost compared to other nations. Ricardo's ideas laid the groundwork for modern international trade theory, emphasizing the advantages of trade even when one nation is less efficient in producing all goods.
kautiliya propounded saptang theory
darvin
kautilya
aryabhatta
Milton Friedman propounded the Wealth Theory of Demand for Money. It is also known as Restatement of Quantity Theory of money.
explain theory of absolute cost advantage as propounded by Adam smith
Isaac newton
thorndike
It is the empirical theory of Causality as propounded by hume.
Elton Mayo
TAUSSIG
rahul sharma