Economics

Dedication: I dedicate this work to my beloved Allah all-powerful who made me capable of performing each and every grade of job more efficiently then others. Table Of Contents * economic intelligence definition & Types * Introduction of Sir Alfred marshal * Alfred Marshalls definition Of economics * Characteristics Of definition * Criticism On Alfreds Definition * Conclusion Economics: Economics is the lead of how we the people engage ourselves in production, distri aloneion and consumption of goods and service in a society. We can define goods and services as * Goods Goods are the things which are produced to be sold.  * Services Services involve doing something for the customers but not producing goods. Two major types of economics are as follows * Normative economics: Normative economics refers to value judgments, e.g. what ought to be the goals, of popular policy. Normative statements cannot be tested. * Positive Economics:  The analysis of facts and bearing in an economy OR the way things are. Introduction Of Sir Alfred Marshall: The English economist Alfred Marshall (1842-1924) was the founder of the new economics.

He rejected the traditional definition of economics as the science of wealth to establish a discipline concerned with loving welfare. Alfred Marshall was born in London on July 26, 1842, the boy of a cashier at the Bank of England. At Cambridge he abandoned plans to enter the Anglican clergy and graduated in mathematics. choose to a Cambridge fellowship, Marshall planned then to pursue molecular physics. Instead, he was drawn first to metaphysics, particularly ethics, which he canvass in Germany for a year, then to psychology, and finally to economics as a practical means for implementing ethics. In 1868 Marshalls college, St. fannys, established a special lectureship for him in moral science. In 1875 he returned from a study of trade protection in the United States to... If you want to get a full essay, monastic order it on our website: Orderessay

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