Marshall's Definition is called
Welfare Oriented definition
Wealth Oriented Definition
Scarcity Oriented Definition
Growth Oriented Definition
The organizational modifications can be accomplished only by the
Private sector
Public sector
Government
None of these
Who is considered to be the father of Economics?
Pigou
Keynes
Adam Smith
Robbin
The important feature in Marshall's welfare definition of economics is
Social Science
Scarcity of Means
Efficient Allocation of Resources
Society
The basic functions of an economy are production,consumption and
Investment
Human wants
Alternative use of resources
All the above
It is a system in which people produce simple goods in limited numbers or quantities for the satisfaction of their wants.
Simple economy
Complex economy
Open economy
Closed economy
The main and the fundamental aim of Economics is to promote
Wealth
Human Welfare
Economic Welfare
Production
Robbin's Definition is called
Welfare Oriented Definition
The maximum social welfare is the sole objective of
Socialism
Capitalism
Mixed economy