explain the features of welfare definition given by Dr Alfred Marshall
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The primary importance and greater emphasis is on human welfare. The money and wealth are simply the means for human welfare. (v) Use of money: This definition considers material or economic welfare as a part of social welfare which can be easily measured with the measuring rod of money.
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The primary importance and greater emphasis is on human welfare. The money and wealth are simply the means for human welfare. (v) Use of money: This definition considers material or economic welfare as a part of social welfare which can be easily measured with the measuring rod of money.
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ᴍᴀʀᴋ ᴀs ʙʀᴀɪɴʟɪsᴛ ᴀɴsᴡᴇʀ
ʜɪᴛ ᴛʜᴇ ʟɪᴋᴇ ᴀɴᴅ ғᴏʟʟᴏᴡ ʙᴜᴛᴛᴏɴ ɢᴇɴᴛʟʏ
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