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Economics Notes SSC CGL, CHSL | IB | Railways | 2019

Economics Notes SSC CGL, CHSL | IB | Railways | 2019

Economics (Macro, Micro) The branch of knowledge concerned with the production, consumption, and transfer of wealth. Father of Economics – Adam Smith, writer of The Wealth of Nations (1976) Ragnar Frisch – One of the founders of the discipline of econometric, and for coining the widely used term pair macroeconomics/microeconomics in 1933. The first prize in economics was awarded in 1969 to Ragnar Frisch and Jan Tinbergen “for having developed and applied dynamic models for the analysis of economic processes”….

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