According to Prof: Marshall , Economics is science of
Wealth
Scarcity and Choice
Material Welfare
Resources
Economics is the study of
Production technology
Consumption decision
How society decides what, how and far whom to produce
The best way to run society
An Enquiry in to the Nature and causes of wealth of Nations" is the book of economist
Marshall
Adam Smith
Robbins
Samuelson
Micro economics is also called
Economic theory
Price theory
Demand theory
Supply theory
Human wants or desires are
Limited
Unlimited
Resource and Allocated
Scarce
Micro economics is concerned with
The economy as a whole
The electronics industry
The study of individual economic behaviour
The interactions within the entire economy
Scarcity of resources
Alternative use of resources
Growth definition by Samuelson has
An element of time in its
Touches about economic growth and welfare concepts
Talks about the problem of scarcity of resources
All the above
" Economics is the science of wealth" who gave this definition?
J.K. Mehta
Inflation is
A decrease in the over all price level
An increase in the over all price level
An increase in the over all level of economic activity
A decrease in the over all level of economic activity
