Economy, asked by purnimabhandari07, 3 months ago

how far marshallian definition of economics is superior to Adam smiths definition.​

Answers

Answered by pooja9070
0

Explanation:

As defined by Robbins, economics has a much wider content. It takes into account all types of human wants, material or non-material, as well as all types persons whether living in society or not. ... Thus, Robbins' definition is superior both to the Marshallian and Adam Smith's definition.

Answered by Anonymous
2

Answer:

Adam Smith was a Scottish philosopher, widely considered as the first modern economist. Smith defined economics as “an inquiry into the nature and causes of the wealth of nations.”

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