definition of economics welfare oriented definition by Marshall
Answers
Answered by
4
Answer:
Hey Buddy here's ur answer
Alfred Marshall (1842-1924) wrote a book Principles of Economics in 1890.
In it, he defined economics as 'a study of mankind in the ordinary business of life'. An altered form of this definition is : 'Economics is a study of man's actions in the ordinary business of life'.
Answered by
1
Answer:
The welfare definition of economics is an attempt by Alfred Marshall, a pioneer of neoclassical economics, to redefine his field of study. This definition expands the field of economic science to a larger study of humanity.
Explanation:
Similar questions