Advanced Economic Theory
Material type: TextLanguage: English Publication details: Delhi : Vrinda Publication Pvt Ltd, 2012Edition: 14Description: 748ISBN:- 9788182814257
- 330 JHI
Item type | Current library | Call number | Status | Date due | Barcode | Item holds | |
---|---|---|---|---|---|---|---|
Book | Alliance School of Liberal Arts | 330 JHI (Browse shelf(Opens below)) | Available | LA01804 |
Economics is a social science which deals with human wants and their satisfaction. It is mainly concerned with the way in which a society chooses to employ its scarce resources which have alternative uses, for the production of goods for present and future consumption. The theory of factor pricing is concerned with the principles according to which the price of each factor of production is determined and distributed. The distribution of factors of production can be of two types, namely personal and functional.
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