Advertisements
Advertisements
प्रश्न
What is welfare definition of economics?
परिभाषा
Advertisements
उत्तर
The welfare definition of economics, given by Alfred Marshall, views economics as the study of human beings in their ordinary business of life, focusing on achieving material welfare. It emphasizes that wealth is only a means to promote economic welfare and improve human well-being, measured in monetary terms. Economics studies how people earn and use money to attain material welfare, not wealth as an end itself.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
