Economics and Political Science. U4

Francois Quesnay and Jacques Turgot were representatives of:

• Classic economy

• Scientific Socialism

• Physiocracy

• Neoclassical

Adam Smith, David Ricardo and John Stuart Mill were representatives of:

• Classic economy

• Scientific Socialism

• Physiocracy

• Neoclassical

This theory considers work as a source of wealth, is a critique to capitalism and the bourgeoisie.

• Physiocracy

• Classic economy

• Neoclassical

• Scientific Socialism

This theory developed concepts such as offer and demand, price elasticity and the functioning of the market.

• Physiocracy

• Classic economy

• Neoclassical

• Scientific Socialism

________is related to the social interactions that occur since goods are produced until they are consumed

• Political Science

• Economy

Politics is understood as the power conceded to an individual or group to exercise strong population control over a territory, ultimately by force.

• True

• False

Politics are understood in 3 ways:

• 1. Struggle for the power.

• 1. Reflection on its origin, structure and basis.

• 1. Institutions through which power is exercised.

• Managing all the resources available to the state.

_______ is the optimal utilization of natural and human resources to achieve a society that meets mankind needs, such as food, clothing, shelter, health, education, recreation, facilities, among others:

• The object of study of Political Science

• The object of study of Economy

It was the theory that made the first attempt to systematize the economy; among its main ideas we find that the source of wealth is the land:

• Classic economy

• Neoclassical

• Physiocracy

• Scientific Socialism

This theory developed concepts such as offer and demand, price elasticity and the functioning of the market. It also proposed the factors of production land, labor and capital:

• Scientific Socialism

• Neoclassical

• Classic economy

• Physiocracy