• economic articles

    Mother Nature and Scope of Business economics

    Numerous authors of the early days defined economics as a science of prosperity. Adam Smith generally known as the dad of recent business economics, identified economics as An enquiry into the mother nature and causes of lot of countries. These explanations were defective simply because they provided very much significance to prosperity. As prosperity is not every little thing, it only brings about attain welfare of individual. It is therefore gentleman an which is the aim all the financial routines. Professor Doctor. Alfred Marshall was the first economist who presented a reasonable meaning of business economics. He outlined economics as: An investigation of humankind in regular organization of daily life,…