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
Positive economics is based on
Cause and effect of facts
Ethics
Value judgements
All of the above
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
Scarcity problem arises because our resources are
Unlimited
Limited
Sufficient
Vast
Scarcity of resources
Alternative use of resources
Economics is a science of " scarcity and choice", this definition was presented by
Adam Smith
Prof : Marshall
Prof : Robbin's
Prof : Samuelson
Micro economics is also called
Economic theory
Price theory
Demand theory
Supply theory
An Enquiry in to the Nature and causes of wealth of Nations" is the book of economist
Marshall
Robbins
Samuelson
Problem of allocation of resources includes
What to produce
How to produce
For whom to produce