explain marshall's definition of economics.
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Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.
- Alfred Marshall.
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Economics is the study of human activities in the ordinary course of business. It studies how man attains his income and how he utilizes it. In this way, it studies wealth, on one hand, and on the other hand, it is a part of the study of man, which is more important.
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