Вы находитесь на странице: 1из 1

Economics 1

st
Grading
Quiz#1
Economics
Is a social science that is concerned with how man uses scarce resources to satisfy
unlimited wants (limited resources with unlimited wants)
Comes from the Greek word oekonomia meaning management of household
Adam Smith Economics as an autonomous subject, that the economy could stand
alone without a governing body
- Launched the economic doctrine of free enterprise
- Laissez Faire - policy of minimum governmental interference in the economic
affairs of individuals and society.
Alfred Marshall is a study of mankind in the ordinary business of life which
examines part of the individual and social action which is most closely connected
with the attainment and use of mankind requisites of being

Вам также может понравиться