Classical Theory of Employment, Income and Interest
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15Classical Economists, Assumptions of Classical Economics and Pillars of Classical Economics are discussed.
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Tags:
Classical Theory of Employment
Interest and Income
Says Law of Market
UPSC
IAS
Ecomonics
Quantity Theory of Money
Perfect competition
Homogenous Labour
Money
Medium of Exchange
Long Run
Closed economy
No foreign trade
Full employment
flexible wages and prices
laissez faire
rate of interest
savings
investment
Adam Smith
Ricardo
J S Mill
J B Say
A C Pigou