wiz-icon
MyQuestionIcon
MyQuestionIcon
13
You visited us 13 times! Enjoying our articles? Unlock Full Access!
Question

Whose definition studies normative aspect of economics?

A
Adam Smith
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Marshall
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Robins
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Samuelson
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C Marshall

Alfred Marshall was a British economist who proposed the definition of welfare according to which economics should be a science of creation of welfare for both human as well as society believed that the subject studies the creation of materialistic things in the economy for personal gains which is not good for the welfare of the society. Therefore, he proposed a normative definition on economics.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Wealth of an Economy
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon