Economic problem arises because human wants are:
Economic problem arises because human wants are:
do not exist | |
unlimited | |
limited | |
are essential |
do not exist | |
unlimited | |
limited | |
are essential |
Adam Smith | |
Adam Smith | |
Adam Smith | |
Adam Smith |
Malthus | |
Cannon | |
Robbins | |
Marshall |
General Theory of Employment, Interest and Money | |
Wealth of Nations | |
A Study of Capitalistic Economy | |
Principles of Economics |
Ricardo and J. S. Mill | |
Kannon and Pigou | |
Robbins and Keynes | |
Malthus and Keynes |
money and banking | |
price theory | |
public finance | |
national income |
no punishment is given in case of violation | |
not quantitative | |
definite universal | |
cannot be predicted |
no one is influenced | |
only people not acting, suffers loss | |
one gets punishment | |
economy suffers loss |
social angle | |
both individual and collective angles | |
individual angle | |
collective angle |
trading professionals | |
services of teachers | |
people living in caves | |
people living in forests |
Adam Smith | |
Robbins | |
Pigou | |
Marshall |
Firms equilibrium | |
Consumer behaviour | |
Market equilibrium | |
National income |
Adam Smith | |
Adam Smith | |
Adam Smith | |
Adam Smith |
Scotland | |
Areland | |
Wales | |
London |
more than two accounts | |
one account only | |
have no effect | |
two accounts |
error of omission | |
casting error | |
principles error | |
all of these |
Major and minor errors | |
Three types | |
Two types | |
Four types |
None of these | |
Error of omission | |
Error of principle | |
Error of commission |
error of commission | |
error of principle | |
compensating error | |
error of omission |
Omission | |
Commission | |
Principle | |
All of these |