Economics Notes Lite

The app includes information about Economics, covering various explanations of the subject matter.

Adam Smith, often referred to as the father of economics, defined economics as the investigation of the nature and causes of wealth in nations in his book "The Wealth of Nations". Smith's focus was on understanding wealth in a broader sense and finding ways to increase production.

Content:
1. Meaning of economics
2. Basic economic problems of the society
3. Economic system
4. Production
5. Co-operative societies
6. Limited liability companies
7. Partnership
8. Privatization and commercialization
9. Public corporations
10. Sole proprietorship