Economics is a science of " scarcity and choice", this definition was presented by
Adam Smith
Prof : Marshall
Prof : Robbin's
Prof : Samuelson
Problem of allocation of resources includes
What to produce
How to produce
For whom to produce
All the above
" Wealth of Nation " is written by
Alfred Marshall
Lionel Robbins
Samuelson
Macro Economics deals with
The behaviour of the electronics industry
Economic Aggregates
The behaviour of firms
The activities of individual units
An Enquiry in to the Nature and causes of wealth of Nations" is the book of economist
Marshall
Robbins
Positive economics is based on
Cause and effect of facts
Ethics
Value judgements
All of the above
Aggregate supply is the total amount
Of a labour supplied by all house holds
Of goods and services produced in an economy
Produced by the government
Of products produced by a given industry
" Economics is the science of wealth" who gave this definition?
J.K. Mehta
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
According to Prof: Marshall , Economics is science of
Wealth
Scarcity and Choice
Material Welfare
Resources
