"ECONOMICS THE EVOLUTION"

                    

The word economy is derived from two Greek roots: Oikia, house; nomos, rule. The economy is about the good regulation of a house, of order in the use of the good of the house.

-adam and eve

-barter economy

A barter economy is a cashless economic system in which services and goods are traded at negotiated rates. Barter-based economics are one of the earliest, predating monetary system and even recorded history. 

-coins  :

The history of coins extends from ancient times to the present, and is related to economic, the history of minting technologies, the history shown by the history of minting technologies, the history shown by the The images of coins, and the history of coin collecting. Coins are still widely used for monetary and other purposes

Advertisement, mela, thela, fair

Muslims contribution

The branch of knowledge concerned with the production, consumption and transfer of wealth that seeks to analyze and describe the production, distribution, and consumption of wealth.

In the 19^th century economics was the hobby of gentlemen of leisure and the vocation of a few academics; economists wrote about economics policy but were rarely consulted by legislators before decisions were made.

Today there is hardly a government, international agency, or lager commercial band that does not have its own staff of economists.

Many of the world’s economists devote their time to teaching economics in 

colleges and universities around the world, but most work in various research or advisory capacities, either for themselves [ in economics consulting firms],  in industry, or in government.

Still others are employed in accounting, commerce, marketing, and business administration; although they are trained ad economists, their occupational expertise falls within other fields. Indeed, this can be considered “the age of economists,” and the demand for their services seems insatiable.

Supply responds to that demand, and in the United States alone some 400 institutions of higher learning grant about 900 new Ph.D.’s in economics each year.

Economy and Society :

Economy refers to the ways people use and interact with their environment to meet their needs. Economy includes how goods are produced, exchanged, distributed, and consumed.

The economy is an important aspect of society, and as the economy had evolved over time, societies have, too.

This lesson will walk you through the evolution of economy from the agricultural revolution through the postindustrial era. We will look specifically at how technology and settlement changes have impacted the economy.