5 Economic Lessons You Can Apply to Succeed in Business

Economics isnt a concept foreign to humans before the 1700s. Its just that people back then didnt give mind to what made the market tick. Trade and currencies were a vital part of economics, and this idea of economics kept the market alive. It wasnt until Adam Smith, in the 1700s, who described and defined the core principles that make up the field of economics. To think that he explained all of this without Math and just words is a mean feat. Adam Smith published these core principles in his book The Wealth of All Nations, giving him the moniker, Father of Economics.