मराठी
महाराष्ट्र राज्य शिक्षण मंडळएचएससी वाणिज्य (इंग्रजी माध्यम) इयत्ता १२ वी

Write a short notes Historical review of microeconomics. - Economics

Advertisements
Advertisements

प्रश्न

Write a short notes Historical review of microeconomics.

थोडक्यात उत्तर

उत्तर

History of microeconomics can be traced to classical economists. Adam Smith is regarded as the Father of Microeconomics. In his book ‘The Wealth of Nations’, published in the year 1776, he discussed how the prices of goods and the factors of production are determined. However, the microeconomic analysis was done by Dr Alfred Marshall, a neo-classical economist. He was the first person to use the principle of marginalism. Some of the other popular economists who have contributed to the development of microeconomics are Prof. Pigou, J. R. Hicks, Prof. Samuelson, Mrs Joan Robinson and Chamberlin.

shaalaa.com
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 1: Introduction to Micro Economics - Exercise 3 [पृष्ठ ६]

APPEARS IN

मायकल वाझ Economics [English] 12 Standard HSC
पाठ 1 Introduction to Micro Economics
Exercise 3 | Q 3 | पृष्ठ ६
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×