MNCs Stands for
AMultinational commodities
BMultinational Corporations
CMinimum number of commodities
DNone of these
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Related Questions:
According to Economics,a resource is a?
The one rupee not bears the signature of :
The deputy chairman of the planning commission:
The contribution of Indian agricultural sector is :
Identify the correct assertions regarding the contributions of Western economic thinkers.
- Adam Smith, often called the 'father of Economics,' advocated for minimal government intervention in economic activities, a principle known as 'Laissez Faire'.
- Karl Marx, in his work 'Das Capital,' argued that laborers receive the full value of their contribution, with profits going entirely to them.
- Alfred Marshall emphasized that economic activities should be oriented towards promoting the welfare of society.
- Lionel Robbins suggested that unlimited wants should be prioritized to ensure economic growth.