Question

"The study of ancient economic thought is a new alternate of economic system".
Explain.

Answer 1

Answer:

I am not sure

Explanation:

Answer 2

Answer: The above statement is true. The ancient economic thought tells about the culture, ideas, and lifestyle of people before the middle ages.

Explanation:

The ancient economic system is alternate for the present economic system. In the present economic system, decisions are quite different from a market system.

Basically, the economy is always near to the natural phase, the cost and rates are flexible to the people.

The Ancient economic system ideas, ethics, and politics are good so this is an object for study the present economic system.

Ancient economic system gives specific structure and performance so this is the basis for understanding about the present situation in economy.