Alfred Marshall defines economics as “the study of mankind in ordinary business of life”, it is clear from the above definition that it does not study who lives aloof in some desert or jungle, but a man who lives in society. Even in society the man …
Subject Matter of Economics Various economists have different views about the subject matter of economics. Adam smith, in his book “An Inquiry into the nature and causes of Wealth of Nations which was published in 1776 defined economics as an enquiry into the nature and causes …
Since the budget line is based on consumer income and prices of commodities, hence shifts in the budget line may occur due to change in income or change in price or both so there are two types of effects or shits in the budget line: Effect …
Definition of Crime Crime is an act or omission, forbidden and punishable at law since unsafe to the human beings living in society and special course of actions and procedures are provided in law to punish lawbreaker. What is Crime Crime is an act of violence …
Growth and Development of a Child With the spirit of inquiry goes an attitude of respect for children at all stages of their growth. This respect is built on the view that the experiences which a child undergoes at any stage of his growth, whether he …
What is Ethics Ethics is the science of human conduct in the society. Ethics in any society deals with the members of any society how they behaved, how they are behaving and how they should behave. It is ethics which provide the rules of best human …
Meaning of Jurisprudence Where there is a systemize branch of knowledge its science comes into existence, since law is a systemized branch of knowledge, it is a science. The name of the science is Jurisprudence. This word has its roots in the Latin word “Jurisprudentia”. Juris …
