Physical / Natural science e.g. Physics, Chemistry, Biology, Geography etc. deal with matter. These sciences are made by experiments on the matter in the...
Archive - August 2020
Moral laws are the most accepted values of a society particularly based on the teachings of a religion. These laws clearly tell us either to do something or...
Statutory laws or laws of the state are made by the legislature or the elected representative of the people. These laws are written in black and white for the...
Economic Laws: Law can be stated as “a repeated action which holds good at every time and at every place or if an action is repeated again and again and...
Economic Problem: According to the economists, a problem of choice is an economic problem. It can easily be explained in the light of Prof. Lionel...
Alfred Marshall defined economics as “Economics is a study of mankind in the ordinary business of life. It examines that part of individual and social...
Lionel Robbins Definition of Economics (Modern School of Thought) “Economics is the Science of Scarcity and Choice” Prof. Lionel Robbins has...
In the World’s Development Report of 1995, it was said that more than three-fourth of population lives in poor and less developed countries but they get...
Reasons or Need for Studying Development Economics or Scope of Development Economics Here we shall concentrate upon that what is the need behind studying...