Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Determine the oldest ideas in economics
One of the oldest ideas in economics is that increases in technology certainly run into natural resource scarcity and so lead to increase in the numbers of people though not in their standard of living of productivity. This idea was proposed into economics late by Thomas R. Malthus who was to be first academic professor of economics (Adam Smith had been a professor of moral philosophy) at the East India Company's Hailey bury College.
Malthus saw a world in that inventions and higher living standards led to increase in the rate of population growth. With higher living standards women ovulated more frequently. More pregnancies were successfully carried to term. Better-nourished children (and adults) had a better chance of resisting diseases. Furthermore when incomes were high new farmsteads are relatively ample and getting the permission of one's father or elder brother to marry was easier. For these reasons both biological and social, a higher standard of living back before 1800 led to a faster rate of population increase. And faster rates of population growth increased natural resource scarcity and lowered productivity until once again people were so poor and undernourished that population growth was roughly zero.
What is use of analytical tools in the modern economics? Analytical Tools: Modern economics also gives different powerful analytical tools which are usually specified by geo
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
Expected Utility: Theory Assume that a utility index exists which conforms to the five axioms. The expected utility for the two-outcome lottery L = (P, A, B) is given by,
assumptions
Cropping Pattern Over Time: The dominance of food crops and among food crops that of rice and wheat only states the existing cropping patterns. It is important to study the tr
americana is a small country that produces and consumes jelly beans. The world price of jelly beans is $1 per bag, americana''s demand and supply for jelly beans are governed by th
Price System: Demand is the quantity of a commodity that consumers are willing and are able to buy at a given price at a given time period when all other things remain the sam
Current Account: The Current Account can be broken down into two parts, viz., one, balance of trade, and, two, balance on invisibles. The Balance of Trade (BOT) deals only wit
What is the concept of the development? The concept of the development: Development is a complicated multi-dimensional concept to do along with enhancements in the human
reasons for and against free trade with foreign sector
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd