DATE:
PAGE
PME
Key poinks
Economics.Adam Smithin 176 fourdeh.o kconam2s.esplore he
Lconamiia behoviour iancial
mankt. JE elamin har
T sa budy g houw docicly use_déorce lunyidomt people.olhe
sBCUros to produne ialhuoble godh andLouny kava hihiot
Alruites and ditribute thum amory dilerad IH Shdy hsidks.Lyh
irdlividuals. LRle bank inerabioal trde,inpa
uiu l
a gobalizahon ard ask
Scahityi locR cf s1Gkcurca how gov þalicis.onhe
ELzhneyiHast efechiye use. soactys sdsoureaused. to purste gods
hinpo Se to Sahsy peoples uonk ord ntds.
Conomy praducing eiciently uwhen na
indiidual3 etonamy wdlart con he impravelat a
onlss Somiant ik madk worse d
Micro eonomYes i
Shudis the behovicr oan irdividual Conkumtim, damily.
Apbl'ed to opttaional or ioderrol iasues
Tools an demond and supply
- T aBsumls hat oll raro Cloncmics vaiobL ad_Constont
1ConaErns unh
hiory of prccurtpricing Joctor priuinp,Etonoailz
wtatl.
Hlplt in deBteminirg_prite dla þradluet alorg uih hepriag
actors preduchionhin the coy
Tis Dased on Cnrealishic aßsumphians ie i s aksumd
that hond s Jull enplepmunt in Cconomy -that Bot
possible.
Good Write
, locro bconomis Imp.)
7H he Shdly ol_behoviaur al he whole etonanyDi
ord inteirotioral. ho hioral
H i obplitd to envivonmental ord exlercal isss
Tools od agrgok diord ard cagegok spph
1 i s osumed hat allmiro etoamcc vaioble cd_Condtin
Mointain dtobility in thu geraral þrie Jvl ord MoMe HE
no problens oelonam like inlo tian, ddleton,uoémployente
T1 Some-ims doenot proves tre a whatis tru o
aggregae _moy not be tue pr irdividuzl
cen wih Heory of robiordliocee, ogregole coumpien Jrtal
price level
ard eroncmic grauth
dcqic o bconam
FallocyIHishe use oinvold or cthoaise alty sealonig o
wrorq moesio h Coritruction d on.agntnt
oy be deceptive by abaig to be betb Han itcall, i
bjlse irpesian OR okiq Sonicn helit sonclhip-ihti
lypeof alooy
) Fallary ocombosihion 2) Paoct Hoc Lcose.odelet jallaey
3) Falay osiglh causai
Falacy oComprsihioniLwhin ut day fotuwhat is true lan
he padt is also true or the whale
EaT Hail on dhoes ord sleel is high he produçeruill get
prolit bd il all praplucs oue high tai thu econamic
prafetbud
wclon of rotion is Kkely to be uosc o
got dtal olmore monay fhe beson uil be
b¬rson
Iontd Write get
PAGE
PME
Key poinks
Economics.Adam Smithin 176 fourdeh.o kconam2s.esplore he
Lconamiia behoviour iancial
mankt. JE elamin har
T sa budy g houw docicly use_déorce lunyidomt people.olhe
sBCUros to produne ialhuoble godh andLouny kava hihiot
Alruites and ditribute thum amory dilerad IH Shdy hsidks.Lyh
irdlividuals. LRle bank inerabioal trde,inpa
uiu l
a gobalizahon ard ask
Scahityi locR cf s1Gkcurca how gov þalicis.onhe
ELzhneyiHast efechiye use. soactys sdsoureaused. to purste gods
hinpo Se to Sahsy peoples uonk ord ntds.
Conomy praducing eiciently uwhen na
indiidual3 etonamy wdlart con he impravelat a
onlss Somiant ik madk worse d
Micro eonomYes i
Shudis the behovicr oan irdividual Conkumtim, damily.
Apbl'ed to opttaional or ioderrol iasues
Tools an demond and supply
- T aBsumls hat oll raro Cloncmics vaiobL ad_Constont
1ConaErns unh
hiory of prccurtpricing Joctor priuinp,Etonoailz
wtatl.
Hlplt in deBteminirg_prite dla þradluet alorg uih hepriag
actors preduchionhin the coy
Tis Dased on Cnrealishic aßsumphians ie i s aksumd
that hond s Jull enplepmunt in Cconomy -that Bot
possible.
Good Write
, locro bconomis Imp.)
7H he Shdly ol_behoviaur al he whole etonanyDi
ord inteirotioral. ho hioral
H i obplitd to envivonmental ord exlercal isss
Tools od agrgok diord ard cagegok spph
1 i s osumed hat allmiro etoamcc vaioble cd_Condtin
Mointain dtobility in thu geraral þrie Jvl ord MoMe HE
no problens oelonam like inlo tian, ddleton,uoémployente
T1 Some-ims doenot proves tre a whatis tru o
aggregae _moy not be tue pr irdividuzl
cen wih Heory of robiordliocee, ogregole coumpien Jrtal
price level
ard eroncmic grauth
dcqic o bconam
FallocyIHishe use oinvold or cthoaise alty sealonig o
wrorq moesio h Coritruction d on.agntnt
oy be deceptive by abaig to be betb Han itcall, i
bjlse irpesian OR okiq Sonicn helit sonclhip-ihti
lypeof alooy
) Fallary ocombosihion 2) Paoct Hoc Lcose.odelet jallaey
3) Falay osiglh causai
Falacy oComprsihioniLwhin ut day fotuwhat is true lan
he padt is also true or the whale
EaT Hail on dhoes ord sleel is high he produçeruill get
prolit bd il all praplucs oue high tai thu econamic
prafetbud
wclon of rotion is Kkely to be uosc o
got dtal olmore monay fhe beson uil be
b¬rson
Iontd Write get
