Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
9 Cards in this Set
- Front
- Back
|
What is science and its types |
Systematic body of language. Types: Natural and Social sciences |
|
|
Explain Natural Science and give examples |
Laws are universally acceptable and their validity can be tested in a laboratory under controlled conditions. Also called exact sciences because of their empirical approach to the study Eg. Maths,physics,chem |
|
|
Explain social sciences with examples |
Called abstract or behavioural science because it is related to study of some or other aspect of human behaviour. It can neither be empirically tested nor can be studied in the laboratory. Hence the laws of social sciences are not universal but they are only statements of general human tendencies. Eg. Psychology (mental aspect), Sociology (social aspect), Economics (economic aspect) |
|
|
Explain about economics in brief |
Its a Social science Originated from greek word 'Oikonomia' meaning management of household It deals with economic aspect of human behaviour |
|
|
Economics by Paul samuelson |
Referred as Queen of Social Sciences by him Deals with how human beings satisfy unlimited wants with limited needs |
|
|
What are the types of economy |
Three types: Capitalism,socialism and mixed economy |
|
|
Kautilya's views on economics |
Kautilya authored the Arthshastra. Artha means wealth and shastra means science. Arthshastra implies the science of aquiring and managing wealth. Essentially,Arthashastra is an ancient Indian treatise on political economy in its broadest sense |
|
|
Key-points based on Kautilya's views |
1)Crucial role of the state or government. 2)Focus on creation of wealth as the means to ensure welfare of the state. 3)Need for efficient administrative machinery for good governance. 4)Compilation of political ideas into arthashastra. |
|
|
Who is Kautilya |
Kautilya was a great statesman,philosopher,economist and a royal advisor during the Mourya period. He was also known as Chanakya or Vishnugupta. He authored the Arthashastra |
