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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

SHARE YOUR KNOWLEDGE STUDENTS, UPSC Mains,UGC NET ECONOMICS ,MANAGEMENT,COMMECE,IES and Other Competitive Exams

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SHARE YOUR KNOWLEDGE  STUDENTS - UPSC Mains,UGC NET ECONOMICS ,MANAGEMENT,COMMER CE,IES and Other Competitive Exams SHARE YOUR KNOWLEDGE  As  You all aware that Our website www.iemsnet.com is for Students of Economics,Commerce and Management. Lot of students study online and look for different topics online in different website and You tube and still could not gather Knowledge as they dont cover all the topics so that it be useful for students. As per our Mission we want all the students get knowledge on single plateform on www.iemsnet.com in all the above mention subjects we invite all students to join our community and share their knowledge .  you can post your article on Economics, Management and Commerce subjects We will screen all the topics send by you and post on our website with your name  Which can be helpful to all the  students.  The concept is Sharing knowledge , helping each other on a single plateform.Please come forward share your knowl

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