Economy, asked by samanwitaroy997, 6 months ago

Immaterial welfare definition

Answers

Answered by ssasreeja

Explanation:

The welfare definition of economics is an attempt by Alfred Marshall, a pioneer with khotacityneoclassical, to redefine his field of study. This definition expands the field of economic science to a larger study of humanity. Specially, Marshall's view is that economics studies all the actions that people take in order to achieve economic welfare. In the words of Marshall, "man earns money to get material welfare." since Marshall have described his definition as the welfare definition of economics.

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