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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

UGC NET ,UPSC and other Competitive Exams US Central bank (U.S.A) Supply of Cash Money Concept

google.com, pub-3084614342339514, DIRECT, f08c47fec0942fa0 UGC NET ,UPSC and other UGC UGC NET,UPSC and other Competitive Exams US Central bank (U.S.A) Supply of Cash Money Concept The US Central bank distributed information on three financial totals until 2006, when it stopped production of M3 information ( On Walk 23, 2006, the Leading group of Governors of the Central bank Framework will stop production of the M3 money related total.) and just distributed information on M1 and M2. M1 comprises of cash ordinarily utilized for installment . Money available for use and financial records adjusts; and M2 incorporates M1 in addition to balances that by and large are like exchange accounts and that, generally, can be changed over reasonably promptly to M1 with almost no loss of head. The M2 measure is believed to be held essentially by family units. Preceding its stopping, M3 included M2 in addition to specific records that are held by elements other than people and are given by b

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