Economy, asked by aniljency5566, 1 year ago

Compair the difinition given by alfered marshall and robbins about economics

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Answered by mohammedbangi13

0

According to Marshall, economics is a science of material welfare. His definition has focus on the role of mankind as well as wealth in economic life. But Robbins’s definition considered economics as a study of scarcity and choice. A comparative study of both definitions is made on the basis of their similarities and differences.
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