alleryTill the 19th century, the subject now called Economics was commonly known as:
ATrade Theory
BPublic Finance
CSocial Science
DPolitical Economy
Answer & Solution
Correct answer: D. Political Economy
1. Before the 19th century, Economics had a different label.
2. It was then known as 'Political Economy'.
3. The modern single-word name 'Economics' came into use later.
_Source: ICAI BoS CA Foundation Paper 4 Business Economics, Ch 1 Unit I "Nature and Scope of Business Economics", p.1_
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