EXERCISE
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GIVE VERY SHORT ANSWER :
The word 'economics' has been derived from the word of which language?
The word 'economics' has been derived from which word?
Who is the father of economics?
Who has given the wealth-based definition of economics?
Who has given the welfare - based definition of economics?
Who has given the scarcity definition of economics?
In which book and when did Adam Smith give his definition of economics?
In which book and when did Alfred Marshall give his definition of economics?
In which book and when did Lionel Robbins give his definition of economics?
Who said that the definition of economics given by Adam Smith is the 'Gospel of
Mammon'?
Who offered the definition of economics based on efficiency?
What is the power of a commodity to satisfy human wants called?
What are the produced means of production called?
The words 'micro' and 'macro' have been derived from which words?
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GIVE SHORT ANSWER :
Write the definition of economics given by Adam Smith.
Write the definition of economics given by Marshallid
Write the definition of economics given by Robbins.
miyen by Samuelson and Nordhaus.
Answers
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Answer:
1-The word 'economics' comes from two Greek words
2- The word 'economics' comes from two Greek words, 'eco' meaning home and 'nomos' meaning accounts
3-Adam Smith
4-According to the Library of Economics and Liberty, Adam Smith defined economics as a science of wealth in "The Wealth of Nations
5-Lionel Robbins, a British economist, gave his definition of economics in his book "An Essay on the Nature and Significance of Economic Science" published in 1932.
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