Category: Economic Theory

Q.List out the 10 principles of Economics by Mankiw. A.The list below as extracted from Mankiw (2012) ‘Principles of Economics’. Ref: Mankiw, N. Gregory. 2012. Principles of Economics, 6Ed. South-Western Cengage Learning. Read More …

Q.What is the most significant of ‘the invisible hand’ by Adam Smith? A.The free market economy is fueled by the ‘invisible hand’ and demand and supply is determined by the Read More …