Introduction to Econonomics Modified

45 pages

Please download to get full document.

View again

of 45
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
micro and macro economics
  1 INTRODUCTION TO ECONOMICS   D.B.NAIDU   2 KAUTILYA   (350  –  283 BC)   Arthashastra  discusses monetary andfiscal   policies, welfare, international relations,andwar strategies in detail.  Neetishastra   is atreatise on the ideal wayof life, and showsChanakya's in-depth study of the Indian wayof life   3 LIONEL ROBBINS (1898  –  1984)   ―Economics is a Sciencewhich studies humanbehaviour as arelationship betweenends and scarce meanswhich have alternate uses‖    4 DEFINITIONOFMICRO ECONOMICS The term economics, from the Greek  oikonomika, means a science or art of managing the household. In modernusage, it refers to the efficientallocation of scarce resources in theproduction, distribution, andconsumption of goods and services tosatisfy various desires. As a branchof knowledge, economics oreconomic science is the study of howto efficiently use limited resources  —  natural resources (land),labor,capital, and entrepreneurship toachieve maximum satisfaction of human material wants.  
Related Search
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks