5 Points (3 points - Content and Organization; 2 points - Style and Mechanics) Write a one-paragraph review of your chosen song, movie, story or novel focusing on its moral , social, or historical value. (Use the space below)
History of microeconomics can be traced to classical economists. Adam Smith is regarded as the Father of Microeconomics. In his book ‘The Wealth of Nations’, published in the year 1776, he discussed how the prices of goods and the factors of production are determined. However, microeconomic analysis was done by Dr. Alfred Marshall, a neo-classical economist. He was the first person to use the principle of marginalism. Some of the other popular economists who have contributed to the development of microeconomics are Prof. Pigou, J. R. Hicks, Prof. Samuelson, Mrs. Joan Robinson and Chamberlin.
HOPE IT HELPS THANK YOU IF I'M WRONG PLS DON'T JUDGE ME:'(
Answers & Comments
Answer:
HISTORICAL VALUE
Explanation:
History of microeconomics can be traced to classical economists. Adam Smith is regarded as the Father of Microeconomics. In his book ‘The Wealth of Nations’, published in the year 1776, he discussed how the prices of goods and the factors of production are determined. However, microeconomic analysis was done by Dr. Alfred Marshall, a neo-classical economist. He was the first person to use the principle of marginalism. Some of the other popular economists who have contributed to the development of microeconomics are Prof. Pigou, J. R. Hicks, Prof. Samuelson, Mrs. Joan Robinson and Chamberlin.
HOPE IT HELPS THANK YOU IF I'M WRONG PLS DON'T JUDGE ME:'(