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Define and Explain Economics B Com & BA Notes Principle of Economics

Define and Explain Economics B Com & BA Principle of Economics

This notes are for Karachi university, Punjab University, Virtual University and any other university.

Economics is growing very rapidly as the years pass. As new ideas are being discovered and the old theories are being revised. Therefore, it is not possible to give a definition of economies which has a general acceptance.

For the sake of convenience, the set of definitions given by various economists are generally classified under four heads:

  1. Economics as a science of wealth.
  2. Economics as a science of materiel welfare.

III.            Economics as a science of scarcity and choice.

  1. Economics as a science of growth and efficiency.

B Com Economics Notes/ BA Economics Notes

Economics as a science of wealth/ Classical View

There is no one definition of Economics which has a general acceptance. The formal roots of the scientific framework of economics can be traced back to classical economists. The pioneers of the science of economics defined economics as the science of wealth.

Adam Smith, the founder of economies, described it as body of knowledge which relates to wealth. According to him if nation has large amount of wealth, lt can help in achieving its betterment. He defined economics as:

“The study of nature and causes of generating of wealth of a nation”.

Adam Smith in his famous book. “An enquiry into the Nature and Causes of the Wealth of nation” emphasized the production and expansion of wealth as the subject matter of economics.

Ramadan Sehar Iftar Timing Karachi 2017

Ramadan Sehar Iftar Timing Karachi 2017

Ramadan is going to start from 26th or 27 May 2017. Due to this, muslims are excited in all over the world. Like other muslims, Karachi people are also good muslims and for this they need Ramazan Calendar 2017 for Sehar and Iftar timings. Read the rest of this entry »

Room Cooler Prices 2017 in Pakistan

Room Cooler Prices 2017 in Pakistan

The dry and hot summer season is touching its full peak in various parts of the Pakistan including Karachi, Lahore and Islamabad. The augment in heat has also given rise in the prices of these
electronic appliances such as Room cooloers or evaporative coolers. Now-a-days, the tempertaure is going above 40 degree celcius and in such a hot weather, it is difficult to live without an air cooling appliance such as air cooler or Split AC. Read the rest of this entry »

Prize Bond Draw Result 7,500 Faisalabad 2 May 2017

Prize Bond Draw Result 7,500 Multan 2 May 2017

On 2nd May 2017, the saint city of Multan was chosen to draw draw results of prize bond. As usual, the people of Pakistan were very excited about the outcome of the balloting. Here are the results.

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Notes Keybook New Oxford Modern English Book 8

Notes Keybook/ Solution New Oxford Modern English Book 8

The 8th class students need oxford notes/ solution to get strong grip over the English subject. In an effort to help them, we are sharing key for them.

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Sapphire Lawn Collection 2017 For Summer Season Volume 2

Sapphire Summer Lawn Collection Volume 2 is available nationwide and is getting a lot of fame and user attention. The premium brand offers multiple color dresses which are light and rich that attracts the eyes of everyone. The stuff of the clothes are very good and mild which is a true identification of lawn and fulfill the demand of the hot summer season. There is something for women of all ages and that is why, Sapphire Lawn 2017 is the need of every lady in Pakistan and in every part of the world where lawn summer dresses are liked and bought. The Sapphire Summer Lawn Collection 2017 prices are very affordable and within the range of even a lower middle class earning modest level of income monthly.

Notes/ Keybook New Oxford Modern English Book 1 Nicholas Horsburgh

Notes/ Keybook New Oxford Modern English Book 1 Nicholas Horsburgh

It is one of the best successful teaching book used by teachers all over the world. The overall purpose of this book is to increase reading comprehension, oral activities, improving writing skills and to enhance word power via usage of various vocabulary. This book is good for For Pre-Primary and Classes 1 to 8. Read the rest of this entry »

Akhbar e Jehan March 2017

Akhbar e Jehan March 2017

Akhbar e Jehan is one of the most popular weekly magazine in Pakistan. It is a colorful mag with items such as serial episodes, one off stories, horoscope, fashion, showbiz and sports.  Read the rest of this entry »

Khalid Petiwala Taxation Notes KP Tax Notes Download

Khalid Petiwala Taxation Notes KP Tax Notes

He is the well known personality in Pakistan. Being a Chartered Accountant, he worked on various clients. He has been associated with Sidat Haider CA audit firm. Later, he turned towards education sector. Currently, he is the most important faculty of Al Hamd Academy and is the partner of Mr. Kaleem Rehmani.

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Cost Accounting Regular 2013 B Com Part 2 Solved Past Paper Karachi University

Cost Accounting Regular 2013 B Com Part 2 Solved Past Paper Karachi University

Please get help in your exam preparation for B Com Part II examinations. Cost Accounting is a compulsory subject and comprises various types of questions from variety of topics.
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