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प्रश्न
Identify the main feature of welfare definition of economics from the following options.
पर्याय
Study of wealth
Study of material goods only
Study of ordinary business of life
Scarce resources
MCQ
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उत्तर
Study of ordinary business of life
Explanation:
The main feature of the welfare definition of economics is the “study of ordinary business of life.” According to Alfred Marshall, economics studies mankind in their everyday activities focused on attaining material welfare, highlighting human welfare over mere wealth accumulation.
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