Classical School of economics|ایڈم سمتھ کے مطا بق کلا سیکل اکنامکس| Wealth of nations

Описание: #classical #adamsmith #scarcity #problemsofpakistan #whynationsfail #economics #economicslecture #land #factorsofproduction #capitalgoods #interest #classicaleducation #economicgrowth

Classical economic theory was developed shortly after the birth of western capitalism. It refers to the dominant school of thought for economics in the 18th and 19th centuries. Classical economic theory helped countries to migrate from monarchic rule to capitalistic democracies with self-regulation. Adam Smith’s 1776 release of the Wealth of Nations highlights some of the most prominent developments in classical economics. Theories to explain value, price, supply, demand, and distribution, were the focus of classical economics. Classical economics was eventually replaced with more updated ideas, such as Keynesian economics, which called for more government intervention. it explain four factors of production including land, labor, capital and organization.
👉 Subscribe: @Think for Pakistan We explain each and every Topic in very easy way and in a very short span of time.

👉 Our Mission: ❤️ Our Mission is to spread True, Useful, Educational and Motivational Videos for Peace all around the World.

Our Slogan: 👉 I must strive to reform myself and the people of the entire world! ❤️ Keep watching Think for Pakistan Platform

👉 Our Humble Request: ❤️ Kindly Like and Share this video with your friends and family for Knowledge.
About Us: Think for Pakistanis an Educational Channel in Pakistan. Subscribe us and get Full High Quality (HQ) & High Definition (HD) Informative, Educational & Useful Videos.