Economy, asked by sanmeet4097, 1 year ago

Growth oriented definition of economics by samuelson

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Answered by upomabiswas

115

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Economics is the study of how men and society choose, with or without the use of money, to employ scarce productive resources which could have alternative uses, to produce various commodities over time and distribute them for consumption now and in the future amongst various people and groups of society...
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Answered by student2468

64

Growth Definition (1948) According to Prof. Paul A Samuelson “ Economics is the study of how men and society choose with or without the use of money, to employ the scarce productive resources which have alternative uses, to produce various commodities over time and distribute them for consumption now and in future

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