According to Marshall, “The main subject of economics is human welfa – InterviewSolution

1.	According to Marshall, “The main subject of economics is human welfare and not wealth.” Explain this.
Answer» According to Marshall the objective of economics is not only the analysis of the nature and the origin of wealth. A more important objective than the creation of wealth is to fulfill our needs through the use of wealth and to increase our physical welfare. Marshall laid more emphasis on the economic welfare of man than on wealth.

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