Question

Economics is a study of mankind in the ordinary business of life - It is the statement of

(a) 

Adam Smith

 

(b) 

Lionel Robbins

 

(c) 

Alfred Marshall

 

(d) 

Samuelson

​

Answer 1

Answer:

Option C - Alfred Marshall

Explanation:

Principles of Economics, by Alfred Marshall. Political Economy or Economics is a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of wellbeing.

Answer 2

(A) adam smith is correct option