Concept of Positive and Normative Economics
HemantEconomics is a Science. Now the Question is Whether it is a positive Science or a Normative Science. this Question can be discussed as follows. 1. Economics as a Positive…
Characteristics and criticism of Wealth Definition (Economics)
Adam Smith (1723-1790), a Citizen of Scotland, is popularly known as the father of economics as well as the leader of classical economists. Adam Smith was the first economist to…