Friday, 4 January 2019

        Introduction to the world of Economics


  • Basically Economics is the study of economic activity.
  • Economic activity:- those activities in which money is generated and earned.  

          Different view of economics by different economists:-

  • Adam Smith view:-he is also known as father of Economics. In his famous book (an enquiry into the nature and causes of wealth of Nations) he stated that Economics is the subject of wealth.
  • Marshall view:-in his well reputed book (principal of Economics) he related the economics with the study of human welfare.
  • Robbins view:- in his famous book(an essay into the nature and significance of economic science) he related the subject matter of Economics with the scarcity and choice.
  • Samuelson view:- his view was very clear regarding the subject matter of economics. He added one further more point that was growth of resources with scarcity and choice concept.

 That was the basic introduction of Economics, that what Economics is all about?

My first blog

       Hiiii Everyone, this is my first blog where I am going to tell you about mtself. I am economics student whose passion Is to teach and make concept more simpler as I can I also owned a YouTube channel by dev tutorial of economics where you can visit and give me your important feedback where I am missing.
                     

So, in this website I will upload the concept basically related with economics and we will also see the diifernt topic of different branch of economics.