Question

How does wealth definition of economics differ from welfare definition of economics?​

Answer 1

Answer:

The Marshallian definition as a science of material welfare has been further explained below: 1. Primary importance to Mankind. According to Alfred Marshall, economics is the study of wealth in relation to wealth. He explains how a man in the ordinary business earns wealth and utilizes to achieve maximum satisfaction.

Answer 2

Explanation:

here is your answer

• The Marshallian definition as a science of material welfare has been further explained below: 1. Primary importance to Mankind. According to Alfred Marshall, economics is the study of wealth in relation to wealth. He explains how a man in the ordinary business earns wealth and utilizes to achieve maximum satisfaction.

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