How does Rousseau view property? According to Rousseau, what is the origin of inequality?

Q: What are economic systems, and how do they differ?

A: Answer: Economic system: it refers to the system by which resources, goods, and services are…

Q: Marx says ““it is not the consciousness of men that determines their being, but, on the contrary,…

A: Marx says ““it is not the consciousness of men that determines their being, but, on the contrary,…

Q: Do you agree or disagree? Explain your reasoning. “There need be no trade-off between equality and…

A: This trade of between equality and efficiency has been into debate since forever. Whether the equal…

Q: Nowadays, is mathematics essential for understanding economic principles?

A: The principles of economics are generally about satisfying the unlimited wants of the consumer with…

Q: What is the difference between positive and normative economics? Why are positive questions easier…

A: Positive economics is a stream of economics focused on identifying, quantifying, and explaining…

Q: What are the three diverse exercises of subject of economics?

A: Amartya Sen has given three diverse exercises of subject of economics.

Q: Suppose there are two possible income distributionsin a society of ten people. In the first…

A: a) If the society had the first income distribution, the utilitarian argument for redistribution…

Q: Why must economic theories and models be abstract?

A: Economic theory is based upon the assumption that consumers and investors are rational and also…

Q: Karl Marx offers the most critical view of modern private property and free market institutions.…

A: Karl Marx is a prominent political theorist and economist. His works favour communism and critique…