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Question

Who among the following defined that economy is a system by which people get a living?

A
J.R. Hicks
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B
A.J. Brown
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C
W.N. Loucks
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D
None of these
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Solution

The correct option is A A.J. Brown

An economy is a man-made organization for the satisfaction of human wants. According to A.J. Brown, “An economy is a system by which people get living”. The way man attempts to get a living differs in major respects from time to time and from place to place.


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