Business Studies, asked by appu4861, 1 year ago

state different definitions of Economics

Answers

Answered by Viratanmol
4
DIFFERENT DEFINITIONS ARE:--
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##Economics is a study of wealth

##Economics is the study of how the society creates money and how utilises it .

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Answered by jesse200232
0
By Adam Smith:
Economics is "an enquiry in to the nature and causes of wealth of nations"
By Alfred Marshall;
Political economy​ or economics is the study of mankind in the ordinary business of life, it examines that part of individual and social action which is most closely related with the attainment and with the use of material requisites of well being.
By Lionel Robbins ;
Economics is a science which studies human behavior as a relation between ends and scarce means.

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