Campare adam smith and marshall definition

1.	Campare adam smith and marshall definition
Answer» Answer: ✔ ✔ ✔ Alfred Marshall : He belongs to the group of neo - classical economists. He challenged Adam Smith's Definition of economics and DENIED the wealth RELATED definitions of Adam Smith . Thus according to according to Alfred Marshall "Economics is the study of people in the ordinary bussiness of life ". *Comparison* : According to Marshall , economics is a science of material welfare . He has focused on the role of mankind and wealth in ECONOMIC life . While Robbins 's definition considered economics to be a study of scarcity and CHOICE . While for Adam Smith it was concerned with nature and cause of producing wealth . ___________________________ HOPE THIS HELPS YOU! ! plz. . Mark me as brain list! !

Answer»

Answer:

✔

Alfred Marshall : He belongs to the group of neo - classical

economists. He challenged Adam Smith's Definition of economics and DENIED the wealth RELATED definitions of Adam Smith . Thus according to according to Alfred Marshall "Economics is the study of people in the ordinary bussiness of life ".

Comparison : According to Marshall , economics is a science of material welfare .

He has focused on the role of mankind and wealth in ECONOMIC life . While Robbins 's definition considered economics to be a study of scarcity and CHOICE . While for Adam Smith it was concerned with nature and cause of producing wealth .

___________________________

HOPE THIS HELPS YOU! !

plz. . Mark me as brain list! !

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