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# 860684
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Economics and Commerce: Traditional and Behavioural System Thinking

Author :  Mahesh Chandra Prasad

Product Details

Country
India
Publisher
Serials Publications Pvt.Ltd., New Delhi
ISBN 9789391844363
Format HardBound
Language English
Year of Publication 2023
Bib. Info 292p.; 22 cm. Bibliography Includes Index.
Categories Economics/Development Studies
Product Weight 600 gms.
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Product Description

Traditional and behavioral economics are similar in nature—both fields analyze the behaviors and interactions of economic agents and how those interactions shape our economies. While they seem similar on the surface, behavioral economics enriches the traditional field by utilizing theories from psychology, sociology, politics, and more to create a more realistic picture of the economy. Commerce is a branch of business. It is concerned with the exchange of goods and services. It includes all those activities, which directly or indirectly facilitate that exchange. Commerce looks after the distribution aspect of the business.

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