___________ defines economics as a study of man in the ordinary business of life. It enquired 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.

Alfred Marshal

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Malthus

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Lion Robbins

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Adam Smith

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Solution

The correct option is A Alfred Marshal
Alfred Marshall propounded the welfare definition of economics. 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.

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