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Question
As per ______, Economic is a study of man in the ordinary business of life. It enquires how he gets in income and how he uses it. Thus, it is on the one side, the study of wealth and on the other and more important side, a part of the study of man.
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Solution
The correct option is C Adam Marshall
He defined
economics as the study of humankind
in the ordinary business of life. It focuses on that part of individual and social practices
that are related to achieving the various things that are required for
survival. According to him, one side of it is the study of wealth and
the other part if the study of man. Adam Marshall says that Economic is a study of man in the ordinary business of life
He defined economics as the study of humankind in the ordinary business of life. It focuses on that part of individual and social practices that are related to achieving the various things that are required for survival. According to him, one side of it is the study of wealth and the other part if the study of man. Adam Marshall says that Economic is a study of man in the ordinary business of life
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