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Net Economics #Classical Economists and their work# Economic theory

 Net Economics #Classical Economists and their work# Economic theory Pls follow , like and share Classical economics, also known as classical political economy, is a school of economic thought that emerged in the late 18th and early 19th centuries. It laid the foundation for modern economics and was dominant until the late 19th century. Classical economists focused on understanding the mechanisms of economic growth, production, and distribution of goods and services in market economies significant contributions and the years in which they were active: Adam Smith (1723-1790): Major Work: "The Wealth of Nations" (1776) Contributions: Smith is often referred to as the father of economics. In "The Wealth of Nations," he introduced the concept of the invisible hand, arguing that individuals pursuing their own self-interest in a free market economy unintentionally promote the general welfare. He also discussed the division of labor, productivity, and the role of markets i

Insitute of Economics and Management studies Empowering Minds in Economics & Management Studies

  Insitute of Economics and Management studies Empowering Minds in Economics & Management Studies Welcome to Institute of Economics and Management Studies, a renowned institution dedicated to shaping future leaders in the domains of economics, management, commerce, and Indian Economic Services. With a rich legacy of excellence and a commitment to nurturing intellectual growth, we provide a comprehensive education that prepares students for dynamic careers in today's global marketplace. Our Courses: Net Economics: Our Net Economics program is designed to equip students with a strong foundation in economic principles, theories, and quantitative methods. Through a blend of theoretical knowledge and practical applications, students gain a deep understanding of economic systems, policy analysis, and research methodologies. With a focus on developing analytical and critical thinking skills, our graduates are prepared to tackle complex economic challenges in academia, government, rese

Indian Economic Services

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 INDIAN Economic Services  IES Details Indian  Economic  services  detail  The Indian Economic Services (IES) is a specialized cadre of the Indian Civil Services that deals with economic policymaking and analysis in India. It is administered and controlled by the Ministry of Finance, Department of Economic Affairs. The IES officers are responsible for providing economic advice, formulating policies, conducting economic research, and analyzing economic data to support the government in decision-making processes. Here are some key details about the Indian Economic Services: Recruitment: The recruitment to the Indian Economic Services is conducted through a competitive examination conducted by the Union Public Service Commission (UPSC). The UPSC conducts the examination once a year, and candidates who qualify are appointed as officers in the Indian Economic Services. Eligibility Criteria: To be eligible for the Indian Economic Services examination, candidates must have a postgraduate degr

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