How man is presented in ancient economic thought?
(a) Economic man
(b) Source of production
(c) Integral individual
(d) All of the above
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Man is presented in ancient economic thought => (a) Economic man
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Answer:
Early economic thought refers to ideas from before and during the middle ages.
The earliest discussions of Economics date back to the ancient time's men undoubtedly behaved as economic man.
The attitude of man was consistent with an economy that was essentially closed and static, based on agriculture and on slave work.
However, it greatly restrained economic development in ancient societies.
Ancient economic thought speaks about the economic problems and the approaches to these problems.
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