Define wealth welfare scarcity and growth
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It deals with production, distribution and consumption of wealth. The welfare definition of Economics has been given by Economist Alfred Marshall. According to him Economics deals with welfare of the people. The scarcity definition has been provided by Joan Robinson.
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Answer:
It deals with production, distribution and consumption of wealth. The welfare definition of Economics has been given by Economist Alfred Marshall. According to him Economics deals with welfare of the people. The scarcity definition has been provided by Joan Robinson.
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