| Classical Economics |
Classical Economics refers to work done by a group of economists in the 18th and 19th centuries. They developed theories about the way markets and market economies work. The study was primarily concerned with the dynamics of economic growth. It stressed economic freedom and promoted ideas such as laissez-faire and free competition.
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Famous economists of this thinking include Adam Smith, David Ricardo, Thomas Malthus, and John Stuart Mill.
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Economics Basics Tutorial - Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more! |
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