Although individuals and countries, for centuries, have exchanged goods and services for money, the formal field of economics—the study of wealth and how it is produced and distributed—is relatively young. Since Adam Smith’s pioneering work in the 18th century, economics has developed a great deal, and with it, so has our understanding of market systems, such as capitalism and centrally planned systems. A detailed explation of the scope of economics, historical development, and the strengths and weaknesses of various economic systems is provided.
APA
(2013). Economics and Economic Systems. Retrieved from https://eb.ipublishcentral.com/product/economics-economic-systems
MLA
Economics and Economic Systems. 2013. EPUB. https://eb.ipublishcentral.com/product/economics-economic-systems
Chicago
Economics and Economic Systems. 2013. EPUB. https://eb.ipublishcentral.com/product/economics-economic-systems
DISCLAIMER : While every effort has been made to follow citation style rules, there may be some discrepancies. Please refer to the appropriate style manual or other sources if you have any questions.