Economic Systems and Problems in Human Society
Journal Title: International Journal of Tax Economics and Management - Year 2018, Vol 1, Issue 2
Abstract
Economists could never agree on what economics can be called. But many agree on many aspects of economic negotiation and analysis. According to Adam Smith, ‘Economics is the science of discussion on wealth’. John Stewart Mill thinks that ‘the meaning of wealth is fundamental and discusses its production and distribution rules’. According to Ricardo, ‘Political Economy is the nature of the property and the reason why he thinks it should be said that it can’t be construed as a rule by which to determine the division of the rules in different classes, but the rationale is to make a fairly accurate rule. It is more understandable that the previous searches are meaningless and confusing and the next is simply scientific Knowledge is acceptable’. According to Ricardo, ‘the fundamental task of economics is to find out the interconnection between people in different parts of the economy and their distribution of resources.’ According to Alfred Marshall, ‘economics is a science of resources on the one hand, and on the other hand, it is more important to study human science, it discusses the daily life of the people.’ In his landmark essay on the nature of economics, Lionel Robbins defined economics as “the science which studies human behavior as a relationship between ends and scarce means which have alternative uses”.
Authors and Affiliations
Shirley B Woodson
Keywords
Related Articles
- EP ID EP590547
- DOI -
- Views 62
- Downloads 0
Different Periods on Balance of International Payment
The balance of payments, also known as balance of international payments and abbreviated B.O.P. or BOP, of a country is the record of all economic transactions between the residents of the country and the rest of the wor...
Marginal Utility & its Diminishing Methods
In this article we have shown what is marginal utility in economics and its diminishing method mathematically. Marginal utility is an economic concept and very important to the theory of economic sciences. So we selected...
Different Variations of Cost Curve in Economics
In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms optimize their production process by minimizing cost consi...
Opinions of Accounting and Taxation Applications Program Students on Accounting Auditing Activities
This study is designed to evaluate the Accounting and Taxation Program against students' accounting audit activities. In this context, a questionnaire about accounting audit was applied in order to determine the opinions...
Tax & Value Added Tax—In View of Bangladesh
Most developing counties are increasingly focusing on domestic resource mobilization toward economic development. In this context, tax performance is of crucial importance, especially for a developing country, since it i...