The description of Economics Notes - Play With New Friends
Many attempts have been made to explain the subject matter of Economics but for our purpose, we will consider some simple ones. Adam Smith (1776), who is known as the father of economics defined economics as “an enquiring into the Nature and causes of the wealth of nations”. He was basically concerned with the broader aspect of wealth and the means by which the volume of production could be increased…Content:1. Meaning of economics2. Basic economic problems of the society3. Economic system4. Production5. Co-operative societies6. Limited liability companies7. Partnership8. Privatization and commercialization9. Public corporations10. Sole proprietorship
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