Article summary
Abstract
Economy, and to study changing economic condition, economy is developed as
discipline, mercantilist theory, laze-faire theory, volume of production increased,
production is changing, industry, foreign trade, expansion of domestic market, economy
to analyze advantages of industry, technology, mass production, has contributed to
change in system of consumption, like luxury and comfort, consumption behavior is
changing or changed, variety of consumption determined nature and form of production
made by the economy, change in production system leads to the change in nature and
form of division of labor, labor become more complex, people engaged in production
are changing, new occupation created, specialization of the workers, production driven
by the market, consumption item, no production of essential items, call of market.
Market changing, labor changing, share changing, transactions changing, more
commodity. Revolution in economy, create revolution in every sphere of economy,
production, consumption, distribution, to study these, you need to develop, models
and theories.