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 Which of the following statements is incorrect?
  • a)
    Alfred marshall propagated the wealth definition of Economics 
  • b)
    L. Robbins introduced the “Scarcity” definition of Economics
  • c)
    Samuelson emphasized upon the “growth” aspect of Economics
  • d)
    A.C Pigou believed in “welfare” aspect of Economics
Correct answer is option 'A'. Can you explain this answer?
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Which of the following statements is incorrect?a)Alfred marshall propa...
Concept of opportunity cost in Economicsc)Adam Smith is known as the father of Economicsd)Karl Marx believed that capitalism would eventually lead to its own downfall and be replaced by socialism.

a) Alfred Marshall propagated the wealth definition of Economics is incorrect. In fact, Marshall is known for his definition of Economics as "the study of mankind in the ordinary business of life".
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Which of the following statements is incorrect?a)Alfred marshall propa...
Alfred Marshall propagated economics as a theory of study of wealth of wealth as well as man's welfare
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Which of the following statements is incorrect?a)Alfred marshall propagated the wealth definition of Economicsb)L. Robbins introduced the “Scarcity” definition of Economicsc)Samuelson emphasized upon the “growth” aspect of Economicsd)A.C Pigou believed in “welfare” aspect of EconomicsCorrect answer is option 'A'. Can you explain this answer?
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Which of the following statements is incorrect?a)Alfred marshall propagated the wealth definition of Economicsb)L. Robbins introduced the “Scarcity” definition of Economicsc)Samuelson emphasized upon the “growth” aspect of Economicsd)A.C Pigou believed in “welfare” aspect of EconomicsCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following statements is incorrect?a)Alfred marshall propagated the wealth definition of Economicsb)L. Robbins introduced the “Scarcity” definition of Economicsc)Samuelson emphasized upon the “growth” aspect of Economicsd)A.C Pigou believed in “welfare” aspect of EconomicsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is incorrect?a)Alfred marshall propagated the wealth definition of Economicsb)L. Robbins introduced the “Scarcity” definition of Economicsc)Samuelson emphasized upon the “growth” aspect of Economicsd)A.C Pigou believed in “welfare” aspect of EconomicsCorrect answer is option 'A'. Can you explain this answer?.
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