Question

What do economist mean by ordinary business of life?

Answer 1

Answer:

=>It's a study of Mankind in the ordinary business of life.

It's a study of Mankind in the ordinary business of life.It examines that part of individual and social action which is mostly connected with the attainment and with the use of the material requisites of well being.

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Answer 2

Answer -

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• Political economy or economics is a study of mankind in the ordinary business of life the economist has no special means of information: he must do as others do, and guess as best.

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