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Effects of an Autonomous Change on Equilibrium Demand in the Product Market

Who of the fo...

Question

Who of the following is not a protagonist of economics as a science of wealth?

A

Adam Smith

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B

J.B Say

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C

F.A 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 science of wealth or money. He propounded the welfare-oriented definition of economics. According to him, economics refers to the study of optimum management of resources, so that welfare of an economy is maximised.

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