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Economics is a science of wealth.
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Economics is one social science among several but has fields bordering on other areas, including economic geography, economic history, public choice, cultural economics, and institutional economics. One division of the subject distinguishes two types of economics. Positive economics ("what is") seeks to explain economic phenomena or behavior. Normative economics ("what ought to be," usually as to public policy) prioritizes choices and actions by some set of criteria; such priorities reflect value judgments, including selection of the criteria. Another distinction is between mainstream economics and heterodox economics. One broad characterization describes mainstream economics as dealing with the "rationality-individualism-equilibrium nexus" and heterodox economics as defined by a "institutions-history-social structure nexus." Areas of economics may be classified in various ways, but an economy is usually analyzed by use of microeconomics or macroeconom. Economics as an academic subject often uses geometric methods, in addition to literary methods. Other general mathematical and quantitative methods are also often used for rigorous analysis of the economy or areas within economics. Such methods include the following.mathematical economics. econometrics. national accounting. Some selected field of economics ::agricultural economics. economic growth and development economics. economic system. environmental economics. financial economics. game theory.industrial organisation. information economics.international trade and finance. labour economics.law and economics. public finance. manegarial economics. welfare economics.
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Economics is the branch of social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Greek for oikos (h ouse) and nomos (custom or law), hence "rules of the house(hold) Modern Economics developed out of the broader field of political economy in the late 19th century, owing to a desire to use an empirical approach more akin to the physical sciences The subject thus defined involves the study of choices as they are affected by incentives and resources.
Areas of economics may be divided or classified into various types, including: * microeconomics and macroeconomics * positive economics ("what is") and normative economics ("what ought to be") * mainstream economics and heterodox economics * fields and broader categories within economics. source: www.en.wikipedia.org
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lower tax rates causes the economy to grow
Supply-side Economics is a macroeconomic school of thought that falls under the classical theory of economics. This theory suggests that economic progression can be made more effectively when there are less barriers to suppliers (lower Business Taxes, few/no regulations, etc.). Supply-side economists argue that with a less strict policy on businesses, we can have a large amount of goods for lower prices. In contemporary times, supply-side economics is synonymous with "trickle-down economics." Supply-side economics is the less mainstream school of thought in macroeconomics, and it is frequently challenged on its merit.
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lower tax rates causes the economy to grow
Supply-side economics is a macroeconomic school of thought that falls under the classical theory of economics. This theory suggests that economic progression can be made more effectively when there are less barriers to suppliers (lower business taxes, few/no regulations, etc.). Supply-side economists argue that with a less strict policy on businesses, we can have a large amount of goods for lower prices. In contemporary times, supply-side economics is synonymous with "trickle-down economics." Supply-side economics is the less mainstream school of thought in macroeconomics, and it is frequently challenged on its merit.
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classification of economics
1-Applied economics
2-Theoretical economics
i)Welfare economics
ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
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classification of economics
1-Applied economics
2-Theoretical economics
i)Welfare economics
ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
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Neoclassical economics is a term variously used for approaches to economics focusing on the determination of prices, outputs, and income distributions in markets through supply and demand, often as mediated through a hypothesized maximization of income-constrained utility by individuals and of cost-constrained profits of firms employing available information and factors of production, in accordance with rational choice theory.[1] Neoclassical economics dominates microeconomics, and together with Keynesian economics forms the neoclassical synthesis, which dominates mainstream economics today.[2] There have been many critiques of neoclassical economics, often incorporated into newer versions of neoclassical theory as human awareness of economic criteria change. The term was originally introduced by Thorstein Veblen in 1900, in his Preconceptions of Economic Science, to distinguish marginalists in the tradition of Alfred Marshall from those in the Austrian School.[3][4] It was later used by John Hicks, George Stigler, and others who presumed that significant disputes amongst marginalist schools had been largely resolved[5] to include the work of Carl Menger, William Stanley Jevons, John Bates Clark and many others.[4] Today it is usually used to refer to mainstream economics, although it has also been used as an umbrella term encompassing a number of mainly defunct schools of thought,[6] notably excluding institutional economics, various historical schools of economics, and Marxian economics, in addition to various other heterodox approaches to economics.
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Frank Livesey has written:
'A textbook of core economics' -- subject(s): Economics
'Stage 1 economics' -- subject(s): Economics
'Dictionary of Economics'
'Economics' -- subject(s): Economics, Marketing, Problems, exercises
'A modern approach to economics' -- subject(s): Economics
'Economics (A.C.C.A.)'
'Economics for business decisions' -- subject(s): Managerial economics
'Economics (Marketing)'
'A textbook of economics' -- subject(s): Economics
'Objective tests in A Level economics' -- subject(s): Economics, Examinations, questions, Problems, exercises
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what is difference between msc economics and ma economics
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difference between economics and managerial economics
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Mainstream Renewable Power was created in 2008.
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Mainstream Science on Intelligence was created in 1994.
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Embracing Mainstream Success was created in 2009.
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Down by the Old Mainstream was created in 1995.
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Godspeed into the Mainstream was created on 2005-09-12.
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Many assumptions about mainstream culture are made by the counterculture. One such assumption is that mainstream culture has life easier.
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The mainstream think that junk food and cigarettes are carcinogenic
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No they are underground. Singers like justin beiber are mainstream.
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Some of the sub-branches of economics that rely on fields of statistics and mathematics are econometrics, transport economics, managerial economics and international economics.
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Erik Angner has written:
'A course in behavioral economics' -- subject(s): BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Decision-Making & Problem Solving, BUSINESS & ECONOMICS / Economics / Microeconomics, BUSINESS & ECONOMICS / Economics / Theory, Economics, Psychological aspects, PSYCHOLOGY / Industrial & Organizational Psychology
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Yes, the word 'mainstream' is a noun; a singular, common, abstract noun; a word for a prevailing current or direction of activity or influence; a word for a thing.
The word 'mainstream' is also a verb and an adjective.
Examples:
His designs are outside of the mainstream of fashion. (noun)
Corporate America has begun to mainstream energy efficient products. (verb)
He's a favorite candidate in mainstream politics. (adjective)
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1. It uses new tech. which then makes the mainstream obsolete.
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Yes it is one of the most mainstream music genres currently in the world.
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Mainstream - Quiet Sun album - was created in 1975.
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A mainstream person is someone who jumps from trend to trend so that they fit in with the rest of the crowd. Mainstream is being what society thinks you should be, and look like.
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Internal economics is what come from inside the external economics what come from outside
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Explain Managerial economics is economics applied in decision making?
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In contrast with Classical economics, Keynesian economics takes a broader view of the economy
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Edward J. Nell has written:
'Prosperity and Public Spending' -- subject(s): Economic development, Expenditures, Public, Public Expenditures
'Nicholas Kaldor and Mainstream Economics'
'The General Theory of Transformational Growth' -- subject(s): Economic development, Keynesian economics
'Transformational growth and effective demand' -- subject(s): History, Economic development, Profit, Capital
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Macro-economics and micro-economics are these two divisions.
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Howard Nicholas has written:
'Marx's theory of price and its modern rivals' -- subject(s): Prices, Microeconomics, BUSINESS & ECONOMICS / Economics / Theory, Marxian economics, BUSINESS & ECONOMICS / Economics / Comparative, BUSINESS & ECONOMICS / Economics / Macroeconomics
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Positive Economics is the branch of economics that concerns the description and explanation of economic phenomena. Normative economics is the study of economics that attempts to determine the desirability of different economic conditions.
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John Maynard Keynes"Father of Economics"
some says that "Adam Smith" is the real father of economics
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Pure Economics addresses this question.
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