Economics Theories And Practices
Economics is the social science that analyzes the production, distribution, and consumption ofgoods and services. Political economy was the earlier name for the subject, but economists in the late 19th century suggested “economics” as a shorter term for “economic science” that also avoided a narrow political-interest connotation and as similar in form to “mathematics”, “ethics”, and so forth. A fo...
Economics is the social science that analyzes the production, distribution, and consumption ofgoods and services. Political economy was the earlier name for the subject, but economists in the late 19th century suggested “economics” as a shorter term for “economic science” that also avoided a narrow political-interest connotation and as similar in form to “mathematics”, “ethics”, and so forth. A fo...
