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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
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