6 The Classical and Marginalisteconomic schools of thought areamong the most important schoolsof thought during the earlydevelopment of capitalism.a) Identify a similarity and adifference between those schools ofthought.Your answer needs to provide atleast two paragraphs.The first paragraph discusses thesimilarity between these schools ofthought.The second paragraph discusses thedifference between these schools ofthought.b) Discuss the economic idea orconcept that you have found themost interesting or useful from any ofthese schools of thought.Your answer needs to provide atleast two paragraphs.The first paragraph discusses theeconomic idea or concept in detail.The second paragraph discusses thereasons that make this idea orconcept useful or interesting to you.Each paragraph should have 5 to 7sentences. The paragraphs shouldbe well developed, and they shouldinclude a clear topic sentence.

“Since you have asked multiple question, we will solve the first question for you. If you want any…

The Classical and Marginalist economic schools of thought a among the most important sch of thought during the early development of capitalism. a) Identify a similarity and a difference between those schoe thought

The Classical and Marginalist economic schools of thought a among the most important sch of thought during the early development of capitalism. a) Identify a similarity and a difference between those schoe thought

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The Classical and Marginalist
economic schools of thought are
among the most important schools
of thought during the early
development of capitalism.
a) Identify a similarity and a
difference between those schools of
thought.
Your answer needs to provide at
least two paragraphs.
The first paragraph discusses the
similarity between these schools of
thought.
The second paragraph discusses the
difference between these schools of
thought.
b) Discuss the economic idea or
concept that you have found the
most interesting or useful from any of
these schools of thought.
Your answer needs to provide at
least two paragraphs.
The first paragraph discusses the
economic idea or concept in detail.
The second paragraph discusses the
reasons that make this idea or
concept useful or interesting to you.
Each paragraph should have 5 to 7
sentences. The paragraphs should
be well developed, and they should
include a clear topic sentence.

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