The main body of economic theory is dash in character examveda
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The main body of economic theory is dash in character
Marshall
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The main body of economic theory is scientific in character.
Explanation:
According to Marshall – Economics is a ‘Social Science’. Economics is a study of human welfare in regards to money.
On the other hand, Adam Smith regarded economics as a science of wealth. He believed that economics included the process of production, consumption, and accumulation of wealth.
According to ‘Lord Robbins Economics’ is a science which studies ‘human behavior’ in regards to limited resources and ‘scarce’ means which has different uses.
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