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Question
Who defines economics in terms of dynamic growth and development?
Who defines economics in terms of dynamic growth and development?
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Solution
The correct option is B Paul A. Samuelson
Paul A Samuelson was an American economists who
proposed many theories on income and its even distribution and how these
two factors leads to growth and development of the nation where one of his
theories emphasized on establishment of an effective relationship between
scarce resource and efficiency in the production of such resources so that all
the human wants can be satisfied by the application of these scarce resources which will bring economic welfare.
Paul A Samuelson was an American economists who proposed many theories on income and its even distribution and how these two factors leads to growth and development of the nation where one of his theories emphasized on establishment of an effective relationship between scarce resource and efficiency in the production of such resources so that all the human wants can be satisfied by the application of these scarce resources which will bring economic welfare.
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