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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.

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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Solved Past Papers B Com Part 1 Karachi University

Solved Past Papers B Com Part 1 Karachi University

Now from today, we are going to make available solved past papers of B Com. Read the rest of this entry »

KARACHI UNIVERSITY B COM PART-II 2016 REGULAR ECONOMIC DEVELOPMENT OF PAKISTAN PAPER

KARACHI UNIVERSITY B COM PART-II 2016 REGULAR ECONOMIC DEVELOPMENT OF PAKISTAN PAPER

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KARACHI UNIVERSITY B. COM PART 1 2016 REGULAR ISLAMIC STUDIES PAPER

​Download the B. COM PART 1 2016 REGULAR ISLAMIC STUDIES PAPER to prepare for your studies. Read the rest of this entry »

Casabianca Summary & Central Idea 10th Class English Notes Karachi Board BSEK

Casabianca Summary & Central Idea 10th Class English Notes Karachi Board BSEK

X Class notes for Karachi Board BSEK Matric students is free to use. These types of notes are available at Adamjee and Practical Center for hundred of rupees and we are providing here free of cost.

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Casabianca Question Answers English Notes 10th Class Karachi Board BSEK

Casabianca Question Answers English Notes 10th Class Karachi Board BSEK

Casabianca is my favorite chapter in X Class English textbook. Matric class students can use these notes to study. Adamjee and Practical center also provide notes for Karachi board BSEK students.
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The Khyber Pass Question Answers 10th Class English Notes Karachi Board BSEK

The Khyber Pass Question Answers 10th Class English Notes Karachi Board BSEK

Khyber Pass is a historical place in KPK. In chapter 19 of X class English textbook, you will find a lot of information. Matric class student of BSEK Karachi board, here are the question answers which you can use to gain very good marks in the exams.

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The Minstrel Child Summary & Central Idea 10th Class English Notes Karachi Board BSEK

The Minstrel Child Summary & Central Idea 10th Class English Notes Karachi Board BSEK

Chapter 20 The Minstrel Child is a good poem and is the centre of focus for many examiners of x class. Matric class students are advised to learn these questions answers thoroughly to gain better marks in the Karachi board BSEK annual examinations.

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The Minstrel Boy Question Answers 10th Class English Notes Karachi Board BSEK

The Minstrel Boy Question Answers 10th Class English Notes Karachi Board BSEK

It is Chapter number 20 in the English textbook. X Class students can take support from these free study resources to prepare for their annual matric exams held throughout the Karachi city for Karachi Board BSEK.

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