尉所委所贺易大考 1 Background terminology
Background & Background & terminology terminology
Background and terminology Adam Smith(1723-1790)亚当斯密 British philosopher and economist, whose celebrated treatise An Inquiry into the Nature and Causes of the Wealth of Nations was the first serious attempt to study the nature of capital and the historical development of industry and commerce among European nations.He is known as "the father of market economy 贵价爱所質易大考
Background and terminology Background and terminology Adam Smith (1723 Adam Smith (1723 -1790) 亚当·斯密 British philosopher and economist, British philosopher and economist, whose celebrated treatise An Inquiry into whose celebrated treatise An Inquiry into the Nature and Causes of the Wealth of the Nature and Causes of the Wealth of Nations was the first serious attempt to Nations was the first serious attempt to study the nature of capital and the study the nature of capital and the historical development of industry and historical development of industry and commerce among European nations. He commerce among European nations. He is known as is known as “the father of market the father of market economy economy
Background and terminology An Inquiry into the Nature and Causes of the Wealth of Nations 《国富论》 Abbreviated to The Wealth of Nations.In this famous treatise Adam Smith argued that private competition free from regulation produces and distributes wealth better than government- regulated markets.Since 1776,when Smith produced his work,his argument has been used to justify capitalism and discourage government intervention in trade and exchange.Smith believed that private businesses seeking their own interests organize the economy most efficiently,"as if by an invisible hand." 贵价爱，所質易大孝
Background and terminology Background and terminology An Inquiry into the Nature and Causes of the An Inquiry into the Nature and Causes of the Wealth of Nations Wealth of Nations 《国富论 》 Abbreviated to Abbreviated to The Wealth of Nations The Wealth of Nations. In this . In this famous treatise Adam Sm famous treatise Adam Smith argued that private ith argued that private competition free from regulation produces and competition free from regulation produces and distributes wealth better than government distributes wealth better than government-regulated markets. Since 1776, when Smith regulated markets. Since 1776, when Smith produced his work, his argument has been used produced his work, his argument has been used to justify capitalism and discourage government to justify capitalism and discourage government intervention in trade and exchange. Smith intervention in trade and exchange. Smith believed that private businesses seeking their believed that private businesses seeking their own interests organize the economy most own interests organize the economy most efficiently, efficiently, “as if by an invisible hand. as if by an invisible hand.
Background and terminology demand and supply relationship 供求关系 the relationship between the amount of goods for sale and the amount of goods that people want to buy,especially the way it influences prices 制价爱行蜀易大考 15
Background and terminology Background and terminology demand and supply relationship demand and supply relationship 供求关系 the relationship between the the relationship between the amount of goods for sale and the amount of goods for sale and the amount of goods that people want amount of goods that people want to buy, especially the way it to buy, especially the way it influences prices influences prices
Background and terminology microeconomics The study of the operations of the components of a national economy, such as individual firms, households,and consumers 微观经济学是对一个国家经济的组成部 分，诸如私人公司、 家庭和消费者活动 的分科研究 制价爱行蜀易大考
Background and terminology Background and terminology microeconomics microeconomics The study of the operations of the The study of the operations of the components of a national economy, components of a national economy, such as individual firms, such as individual firms, households, and consumers households, and consumers 微观经济学是对一个国家经济的组成部 微观经济学是对一个国家经济的组成部 分，诸如私人公司、家庭和消费者活动 分，诸如私人公司、家庭和消费者活动 的分科研究