Economy, asked by usha83393, 6 months ago

2. What is the 'growth-oriented' definition of economics? Explain the main virtues of this
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Answered by mallemsriya2006

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Growth Definition (1948) According to Prof. Paul A Samuelson “ Economics is the study of how men and society choose with or without the use of money, to employ the scarce productive resources which have alternative uses, to produce various commodities over time and distribute them for consumption now and in future.

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