Discuss the Emergence of the Social Sciences in Terms of Their

question 22

Essay

Discuss the emergence of the social sciences in terms of their philosophical foundations and the ideas of individuals such as John Locke and Adam Smith.

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Definitions:

Industry Expands

This phrase describes the process where the total output or the number of firms in a given industry increases due to factors such as innovation, increased demand, or favorable policies.

Long Run

A period in economic analysis where all factors of production are variable, allowing for complete industry adjustment.

Industry Supply

The total output of goods or services that firms in a specific industry are willing and able to sell at various prices, over a certain period of time.