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Standard XII
Economics
Items Excluded in GDP
is not a prot...
Question

____________ is not a protagonist of economics as a wealth.

A
Lionel Robbins
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B
JB Say
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C
FA Walker
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D
Alfred Marshall
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Solution

The correct option is C Alfred Marshall

Alfred Marshall is not a protagonist of economics as a wealth. That is because he gave the definition of economics in terms of welfare.

  • Economics as a wealth: This means that the main objective of man is to acquire and attain wealth and economics deals with that.
  • Economics as a welfare: This means that economics is the study of human behaviour and how he earns things which are important for survival.


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