7. Who has written the book 'Principles of
Economics'?
(a) Adam Smith (b) Marshall
(c) Robbins
(d) Samuelson
Answers
Answer:
b) Marshall
Explanation:
hope it's helpful
Answer :
B ) Marshall
Alfred Marshall has written the book " Principles of Economics "
MORE ABOUT :
• Adam Smith is the father of Modern Economics.
Definitions of Economics :
1. Wealth Definition - Adam Smith
Economics deals with the study of nature and causes of Nations wealth. Thus according to him economics is a subject related with producing wealth and using it.
2. Welfare Definition - Alfred Marshall
"Economics is a study of mankind in the ordinary business of life. Thus on one side a study of wealth and on the other and more important side,a study of man"Principles of economics.(1890)
3. Scarcity Definition - Lionel Robins
"Economics is a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses"-An essay on the nature and significance of economics (1932)