Question

statement related to economic
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Answer 1

Explanation:

Different economists have defined economics in different ways.  According to the general definition of economics- “The English term ‘Economics’ is derived from the Greek word ‘Oikonomia’. Its meaning is ‘household management’”.

  According to Marshall ‘Economics is the study of social science’. It studies the ‘account the money-earning and money-spending activities of man’ which is related to human economic behavior. Some considered Economics as the ‘study of wealth’.

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