Question

give an idea of the development of economics as a science in the West class 11th commerce​

Answer 1

Answer:

The earliest Western theory of development economics was mercantilism, which developed in the 17th century, paralleling the rise of the nation state. ... Mercantilism held that a nation's prosperity depended on its supply of capital, represented by bullion (gold, silver, and trade value) held by the state.