Explain how economists are both scientists and policymakers.

Question

Explain how economists are both scientists and policymakers.

Expert Answer

Question:

Explain how economists are both scientists and policymakers.

Economics

Economics is one of the most dynamic subject that has evolved over time. Earlier what people considered economic development was accumulation of wealth, gold and other precious metals. Later, the focus shifted from accumulation of surplus to generation of surplus. This field has seen constant changes in ideas brought about by some great thinkers like Adam Smith, Joan Robinson, Alfred Marshal,

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