Basic Concept of Economics

The history of economics is as old as the history of mankind.Economic is a social science which studies the human behaviours related to the economic activities.Due to a time period change no one economits are agree on one degfination but up to now defination0f ec0nomics is divided in to three groups as a defination as wealth,wealfare and scarcity given by Adam Smith,Alfred Marshall and Lionel Robbins respectively.

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