BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Haberler
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Hicks
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Jacob Viner
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Samuelson
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Detailed explanation-1: -Paul A Samuelson was an American economist who described economics as a platform of growth and development of the economy through adoption of oldest economies and advanced technologies.
Detailed explanation-2: -According to Samuelson, economics is the queen of social sciences.
Detailed explanation-3: -Economics is the queen of social science. It is the study of house society uses its limited. It is concerned with production distribution and consumption of goods and services. It examines how various factors affect the society the use of goods and services, the involvement of individuals, businessmen, and government.
Detailed explanation-4: -According to Cossa, science and art are complementary to each other. Hence, economics is considered as both a science as well as an art.