Posts Tagged ‘b com notes’
Zakat Note B Com Islamiyat Notes
Zakat is the 4th important pillar of Islamic principle. The question on this topic is asked many times in B Com, BBA and BSc examinations. You can take support from these notes to gain good marks in the exams. Read the rest of this entry »
Namaz ki Ahmiyat B Com Islamiat Notes
Namaz is the 2nd pillar of Islamic principle. It is performed five times in a day and is compulsory to perform. In B Com Islamiat paper, the question on Namaz comes very often. So, take support from these notes and get success. Read the rest of this entry »
Aqeeda e Aakhirat B Com Islamiat Notes
Islamic studies is one of the compulsory subject in B Com Part 1 syllabus. So, in order to prepare for your exam, we are sharing with you free notes. Aqeeda-e-aakhirat is one of the most important belief of the muslims all over the world. Without believing over this, they cannnot continue their lives over Islamic principles. Read the rest of this entry »
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:
- Economics as a science of wealth.
- Economics as a science of materiel welfare.
III. Economics as a science of scarcity and choice.
- 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.