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List of prominent scholars and the work in field of economics

List of prominent scholars and the work in field of economics  Adam Smith - "The Wealth of Nations" (1776) - Laid the foundation for classical economics. John Maynard Keynes - "The General Theory of Employment, Interest, and Money" (1936) - A key figure in the development of modern macroeconomics. Milton Friedman - "A Monetary History of the United States" (1963) - Championed monetarism and free-market principles. Amartya Sen - Work on welfare economics and development, notably "Development as Freedom" (1999). Paul Krugman - Contributions to international trade theory and economic geography. Won the Nobel Prize in 2008. Joseph Stiglitz - Work on information asymmetry, development economics, and global economic issues. Nobel Prize in 2001. Thomas Piketty - "Capital in the Twenty-First Century" (2013) - Analyzed wealth and income inequality over time. Gary Becker - Pioneer in the field of human capital theory and the economic anal

UGC NET ,UPSC and other Competitive exams FACTOR Value (MICROECONOMICS

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google.com, pub-3084614342339514, DIRECT, f08c47fec0942fa0 UGC NET ,UPSC and other Competitive exams FACTOR Value (MICROECONOMICS )  Factor Value Variables of creation can be characterized as sources of info utilized for delivering merchandise or administrations with the expect to make financial benefit.  In financial matters, there are four principle variables of creation, in particular land, work, capital, and endeavor. The value that a business visionary pays for profiting the administrations of these elements is called factor estimating. A business person pays lease, wages, intrigue, and benefit for profiting the administrations of land, work, capital, and undertaking individually. The hypothesis of factor estimating manages the value assurance of various components of creation. The assurance of factor costs is constantly thought to be like the assurance of item costs. This is on the grounds that in both the cases, the costs are resolved with the assistance of in

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