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Question
As per____________ "Economics is a study of man in the ordinary business of life. It enquires how he gets his 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".
As per____________ "Economics is a study of man in the ordinary business of life. It enquires how he gets his 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 D Alfred Marshall
Alfred Marshall was a British economist who
proposed the definition of welfare according to which economics is a science of
creation of welfare for both human as well as society. Therefore,
economics studies the ordinary business activities done by a man in daily life
to generate wealth which is used to create welfare for both human and
society.
Alfred Marshall was a British economist who proposed the definition of welfare according to which economics is a science of creation of welfare for both human as well as society. Therefore, economics studies the ordinary business activities done by a man in daily life to generate wealth which is used to create welfare for both human and society.
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