Economics Grade 11 1st Edition C K Bansal Atnafu Gebremeskel by C. K Bansal, Atnafu Gebremeskel, Eshete Damete 9789994421442, 9994421441 instant download after payment.

The word economy comes from the Greek word for “one who manages a household”. Economics is a branch of the social sciences.
Economics is an important discipline, and its importance has increased in recent years in response to worldwide economic problems – particularly the global economic recession that started in December 2007. Even countries that have made rapid progress in areas like medicine, engineering, technology, electronics, and information technology are not free from economic problems. Problems like poverty, unemployment, inflation, recession, population explosion and so on are worldwide today. In order to understand such problems and to find solutions to them, an adequate knowledge of economics is required.
The science of economics in its current form is about two hundred years old. Adam Smith – generally known as the father of economics – brought out his famous book, “An Inquiry into the Nature and Causes of Wealth of Nations”, in the year 1776. Though many other economist writers expressed important economic ideas before Adam Smith, economics as a distinct subject started with his book. Economics was called political economy at this time. We begin our tour through the fascinating world of economics by learning what economics is and how it can be defined.