Administration economique Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Administration economique? On this page you'll find 2 study documents about Administration economique.
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ECS3705 Exam Preparation November 2021.
- Exam (elaborations) • 25 pages • 2021
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ECS3705 Exam Preparation November 2021. History Of Economic Thought. Functional distribution of income according to Ricardo 
Ricardo wanted to understand the force that determine the 
shares of the national income accruing as wages, profits & 
rents (interest was combined with profit). Wages – natural 
price is given the habits & customs of the people, enables 
workers to subsist and to perpetuate themselves without a 
change in their numbers. Market price depends on supply & 
demand. Ricardo...
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ECS3705 Exam Preparations 2021.
- Exam (elaborations) • 63 pages • 2021
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- $3.69
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ECS3705 Exam Prep. History Of Economic Thought. Mercantilism can roughly be characterised as an exercise in nation building by way of an 
alliance between the city merchant and the monarch, both of whom had gained in power and 
prestige. 
The monarch (king or queen) gave the merchant the protection and privileges of monopoly 
that he needed for his business endeavours and, conversely, the merchant provided the 
monarch with the tax income in the form of precious metals (gold and silver) to finan...
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