Explain the basic ideas of Afred marshell?
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Marshall's Principles of Economics (1890) was his most important contribution to economic literature. ... In this work Marshall emphasized that the price and output of a good are determined by supply and demand, which act like “blades of the scissors” in determining price.
Works written: Principles of Economics
Profession: Economist
Died: July 13, 1924, Cambridge, Cambridgeshire
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1
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Marshall's Principles of Economics (1890) was his most important contribution to economic literature. ... In this work Marshall emphasized that the price and output of a good are determined by supply and demand, which act like “blades of the scissors” in determining price.
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