Urban-Sociology (Role of Urban Economics and Sociology)

May 20th, 2015
Studypool Tutor
Price: $10 USD

Tutor description

Economics is an enquiry into the nature and causes of wealth of nations. Smith gave importance to labour in production of nation wealth. He stressed on Capital Accumulation for increased production of national wealth; was given up and Marshall put a new definition.

Word Count: 22546
Showing Page: 1/77
CULTURE AND SOCIO ECONOMIC FACTORS IN ARCHITECTUREPrepared ByV.SharmileeLecturerSathyabama UniversityUnit - IRole of Urban Economics and SociologySubject matter of sociology and economics as related to built environment General EconomicsDefinition:Economics can be defined under three major topic heads:1. Economics as a science of wealth - Adam Smith Economics is an enquiry into the nature and causes of wealth of nations. Smith gave importance to labour in production of nation wealth. He stressed on Capital Accumulation for increased production of national wealth; was given up and Marshall put a new definition.2. Economics as a science of material welfare - Alfred Marshall.According to Marshall, Economics is a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of well being. It means only those activities, which are concerned with the attainment of material welfare, come under the purview of economics.' Wealth making ' to secure welfare to lead a happy life. After all, people are engaged in making wealth satisfy increasing wants and securing welfare.The wealth definition was ultimately rejected when Robbin put forward the 'Scarcity Definition' of Economics.3. Scarcity and choice definitions -Robbins.According to Robbins, Economics is the science which studies human

Review from student

Studypool Student
" Excellent job "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1820 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors