Question

the backbone of classical economics is
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Answer 1

Answer:

Classical economic theory was developed shortly after the birth of western capitalism. It refers to the dominant school of thought for economics in the 18th and 19th centuries. ... Theories to explain value, price, supply, demand, and distribution, was the focus of classical economics.

Answer 2

Answer:

Explanation:

Classical economic theory

Classical economic theory was developed shortly after the birth of western capitalism. It refers to the dominant school of thought for economics in the 18th and 19th centuries. ... Theories to explain value, price, supply, demand, and distribution, was the focus of classical economics.