On Economic Theories

Major Schools of Thought

[By staff reporters]

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Economics is the social science that describes the factors that determine the production, distribution and consumption of goods and services.

LINK: https://www.amazon.com/Dictionary-Health-Economics-Finance-Marcinko/dp/0826102549/ref=sr_1_6?ie=UTF8&s=books&qid=1254413315&sr=1-6

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And, according to Wikipedia: The term economics comes from the Ancient Greek οἰκονομία from οἶκος (oikos, “house”) and νόμος (nomos, “custom” or “law”), hence “rules of the house (hold for good management)”.

Assessment: Your thoughts are appreciated.

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