Economy, asked by vinod171, 3 months ago

Why is Marshall's definition of economics superior than Smith's definition?

Answers

Answered by mumtaz306

Answer:

British economist Alfred Marshall defined economics as the study of man in the ordinary business of life. Marshall argued that the subject was both the study of wealth and the study of mankind. He believed it was not a natural science such as physics or chemistry, but rather a social science.

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