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Class 12 Economics CBSE Question Paper 2020 - Free PDF Download
Various definitions have been proposed of 'Economics', including the definition of 'Economics' as "what economists do".Political 'economy' was the earlier term for 'Economics'. The usage of économie politique adapted by the French Mercantilist. The economy has extended from the ancient Greek term for household management to the national realm as public administration of the affairs of state.
A book namely 'political economy' was written by Mister James Steuart (1767) as the first Economics book in English with,