MY+Project+in+Economics

media type="file" key="My Song 6.m4a" width="300" height="50" this is my qestion that i answered as a Mp3 : How and when was the economic system created? · It begins with the fact that people cannot have everything they need and want and for that they need goods and services, and human needs are unlimited but goods and services are. Which leads to scarcity it force companies and people to make choices · It begins with method and principles society which is used to produce goods and services, it has been created by the free market, and capital’s invested. · The city states of Sumer developed a trade and market economy based on the commodity money of the shakel which was a certain weight measure of barley, The earliest discussions of economics date back to ancient times Back then, and until the industrial revolution, economics was not a separate discipline but part of philosophy. For example: A super market must choose between advertising to attract new customers or to hire new workers or machines. When. · During the industrial revolution of the 1700s and 1800s, It wasn’t made in a sudden appearance in the world history but developed through several centuries; So basically there is no specific Date to when economic was invented but you can say it was approved in the 90 century more like they named what they were doing.

· Throughout the late eighteenth, the nineteenth, and the first half of the twentieth centuries the economic created more wealth at a faster rate than ever before in the history of mankind. For example: innovations in computer and networking technology are changing how people work, do business, find information, and communicate.

Adam Smith is a Scottish moral philosopher and a strong economics, smith disagreed with Governments and corporations, he has a huge part in creating and devolving the economics, Smith believed that economic development was best fostered in an environment of free competition that operated in accordance with Universal “natural laws.” Because Smith’s was the most systematic and comprehensive study of economics up until that time, his economic thinking became the basis for classical economics

My two Questions :)

when was economic system created ?? During the industrial revolution of the 1700s and 1800s, It wasn’t made in a sudden appearance in the world history but developed through several centuries; So basically there is no specific Date to when economic was invented but you can say it was approved in the 90 century more like they named what they were doing.

· Throughout the late eighteenth, the nineteenth, and the first half of the twentieth centuries the economic created more wealth at a faster rate than ever before in the history of mankind. For example: innovations in computer and networking technology are changing how people work, do business, find information, and communicate.

how was economic system created ?? · It begins with the fact that people cannot have everything they need and want and for that they need goods and services, and human needs are unlimited but goods and services are. Which leads to scarcity it force companies and people to make choices · It begins with method and principles society which is used to produce goods and services, it has been created by the free market, and capital’s invested. · The city states of Sumer developed a trade and market economy based on the commodity money of the shakel which was a certain weight measure of barley, The earliest discussions of economics date back to ancient times Back then, and until the industrial revolution, economics was not a separate discipline but part of philosophy.