History of Economics

NAVI

History of Economics

In the late 1700's till the late 1900's, Many people made big contributions to the field of economics. Adam Smith being known as the Father of modern economics and capitalism entails that government intervention works best. But Karl Marx is against his principles and believes that communism is inevitable than capitalism. It is evident today that economies have grown and have been developing as times goes by. Economics have been adapting to the modern society we have now.

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