Explain Marshallian definition of economics .compare it with that of Adam Smith .
Answers
Answered by
0
Answer:
What is the definition of economics according to Alfred Marshall?
In his book “Principles of Economics" published in 1890, has defined economics in these terms, “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 use of material requisites of well being”.
Similar questions