Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Am I missing any other key concepts of classical and neoclassical economic theory?? Neoclassical: Marginal analysis, demand and supply models, general equilibrium, value of goods

Am I missing any other key concepts of classical and neoclassical economic theory??

Neoclassical: Marginal analysis, demand and supply models, general equilibrium, value of goods and services are derived from demand, minimum government intervention

Classical: Labour theory of value, utility maximization, profit maximization, division of labour, value of goods and services are derived from cost of production, minimum government intervention

*This is just for note summary purposes

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Morality Of Economic Behaviour Economics As Ethics

Authors: Vangelis Chiotis

1st Edition

1351168878, 9781351168878

More Books

Students also viewed these Economics questions

Question

d. Is the program accredited?

Answered: 1 week ago