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The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Rural economics is the study of rural economies. Rural economies include both agricultural and non-agricultural industries, so rural economics has broader concerns than agricultural economics which focus more on food systems. [1] Rural development [2] and finance [3] attempt to solve larger
Welfare economics is a field of economics that applies microeconomic techniques to evaluate the overall well-being (welfare) of a society. [ 1 ] The principles of welfare economics are often used to inform public economics , which focuses on the ways in which government intervention can improve social welfare .
Basic Economics is a non-fiction book by American economist Thomas Sowell published by Basic Books in 2000. The original subtitle was A Citizen's Guide to the Economy , but from the third edition in 2007 on it was subtitled A Common Sense Guide to the Economy .
One is Marxist political economy, stemming from the contributions of scholars like David Harvey, which offers a critical perspective on spatial economics. The other is the new economic geography, which considers social, cultural, and institutional factors alongside economic aspects in understanding spatial phenomena.
Political economy – branch of political science and economics studying economic systems (e.g. markets and national economies) and their governance by political systems (e.g. law, institutions, and government) Socioeconomics – branch of economics that focuses on the interrelationship between economic activity and social behavior.
Concise Encyclopedia of Economics (2nd ed.). Indianapolis: Library of Economics and Liberty. ISBN 978-0865976658. OCLC 237794267. E McGaughey, 'Will Robots Automate Your Job Away? Full Employment, Basic Income, and Economic Democracy' (2018) SSRN, part 2(1) RD Gabriel, 'Monetary Policy and the Wage Inflation-Unemployment Tradeoff' (2021)
In South Africa, Business Studies [7] can be taken as an elective subject from a student's Grade 10 year through to their Grade 12 year; it is offered as part of the standard NSC, as well the IEB (see Matriculation in South Africa). As elsewhere, the syllabus covers a range of topics designed to give the student general understanding of the ...