Who said, "Economics is a study of mankind in the ordinary business of life"?
Alfred Marshall defined economics through people's ordinary economic activities and their connection with material welfare. The emphasis is on human life and welfare rather…
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Who said, "Economics is a study of mankind in the ordinary business of life"?
Answer and explanation
Correct answer A
Alfred Marshall defined economics through people's ordinary economic activities and their connection with material welfare. The emphasis is on human life and welfare rather than wealth alone.
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Jammu & Kashmir and Ladakh SET (JKSET/LASET)