Adam smith’s principles of economics were modified in 1803 by Jean-Baptiste Say, a French businessman, who wrote a treatise on political economy.
<h3 /><h3>What is economics?</h3>
The investigation of shortage and how it influences resource utilization, service and product productivity, income changes, and wellbeing through time is called Economics.
There are mainly three types of economic system which includes capitalism, socialism, and mixed economic system depending on various countries.
Jean-Baptiste Say, a French entrepreneur who published a book on politics and economics, modified Adam Smith's economic principles, which include the laws of self-interest, competitiveness, and both supply and demand, in 1803.
Learn more about Jean-Baptiste Say, here:
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<span>Learning beyond the classroom takes place inside and outside the house also. Every person has a positive trait which is overlooked by us most of the time. So it depends on us to ignore their negative trait and see the positive side of their personality. Hence one can learn from friends, family members and even strangers.</span>
Hello! I would say the correct answer here is B. False.
As these topics are highly debatable and have many different viewpoints varied by factors such as upbringing, location, and life experience, they cannot be entirely solved. Eliminating these issues and falling under one standard would represent a utopian and realistically unachievable world. Without the world’s diversity the whole world would be “in uniform” (one of my favorite phrases from The Great Gatsby) and the creativity and culture would cease to exist. So, since these issues are unable to be resolved, empirical research is not applicable in a solution to them.
I hope this helps! :)
