Social Studies, 04.02.2021 19:40 shaheedbrown06
“The most famous law in economics, and the one that economists are most sure of, is the law of demand. On this law is built almost the whole edifice of economics.” – David Henderson, “Demand”, The Concise Encyclopedia of Economics Read the quote above from Professor Henderson. What do you think he means when he says that “on this law is built almost the edifice of economics”? What is the meaning of the word edifice in this context?
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“The most famous law in economics, and the one that economists are most sure of, is the law of deman...
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