Economy, asked by harsewanand7070, 8 hours ago

welfare definition--- alfred marshall

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Answered by ericthomasmathew

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Answer:

Alfred Marshall in his book ‘Principles of Economics published in 1890 placed emphasis on human activities or human welfare rather than on wealth. Marshall defines economics as “a study of men as they live and move and think in the ordinary business of life.” He argued that economics, on one side, is a study of wealth and, on the other, is a study of man.

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