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What is a good definition of economic equity?
Economic equity is the concept of fairness in economics, especially concerning taxation or welfare.
What is the definition of economics of education?
Definition home economics education?
Marshal's definItion of economics and criticism on his definItion?
Lionel Robbins led on frontal attack on the Marshallian view in the study of economics. The main points of criticism are: 1. Welfare is not measurable. It varies from individual to individual, person to person and age to age. A thing may give pleasure to a person but it may be harmful for the others. There is not any instrument for its measurement. Robbins criticizes the idea of welfare. It is difficult to decide what welfare is and what not welfare is. There are many activities which do not promote the human welfare but they are regarded economic activities e.g. the manufacturing and sale of alcohol etc. 2. Marshall's definition has limited the scope of economics. As according to Marshall economics is concerned only with material welfare. According to him all those activities which do not promote the material welfare are totally ignored. As they are immaterial. Robbins does not think it right for the economists to confine their attention to the study of material welfare, because in the actual study of economic principles, both the material and immaterial are taken into account. Robbins rejected Marshall's definition as being classificatory because it makes a distinction between material welfare and non-material welfare and says that economics is concerned only with material welfare. 3. As Marshal said Economics is a study of mankind in the ordinary business of life. It is difficult to know, what is the difference between ordinary course of business and extra ordinary course of business?
What is the definition of investment in economics?
economics
What is mean welfare in micro economics?
Mean welfare in micro ecomomics is grapes. (:
What is a good definition of economic equity?
Economic equity is the concept of fairness in economics, especially concerning taxation or welfare.
What is the definition of economics of education?
Definition home economics education?
Marshal's definItion of economics and criticism on his definItion?
Lionel Robbins led on frontal attack on the Marshallian view in the study of economics. The main points of criticism are: 1. Welfare is not measurable. It varies from individual to individual, person to person and age to age. A thing may give pleasure to a person but it may be harmful for the others. There is not any instrument for its measurement. Robbins criticizes the idea of welfare. It is difficult to decide what welfare is and what not welfare is. There are many activities which do not promote the human welfare but they are regarded economic activities e.g. the manufacturing and sale of alcohol etc. 2. Marshall's definition has limited the scope of economics. As according to Marshall economics is concerned only with material welfare. According to him all those activities which do not promote the material welfare are totally ignored. As they are immaterial. Robbins does not think it right for the economists to confine their attention to the study of material welfare, because in the actual study of economic principles, both the material and immaterial are taken into account. Robbins rejected Marshall's definition as being classificatory because it makes a distinction between material welfare and non-material welfare and says that economics is concerned only with material welfare. 3. As Marshal said Economics is a study of mankind in the ordinary business of life. It is difficult to know, what is the difference between ordinary course of business and extra ordinary course of business?
What is the definition of investment in economics?
economics
What is mean welfare in micro economics?
Mean welfare in micro ecomomics is grapes. (:
What has the author David M Winch written?
David M. Winch has written: 'Analytical welfare economics' -- subject(s): Welfare economics
Definition of economics by different author?
10 definition of economics by defferent authors
Who is the father of welfare economics?
Carl morx
What are the merits of marshall definition of economics?
1. as ocial science 2.wealth as mean of material welfare 3.study of material welfare 4.economics is the end all of human activities 5. individualand collective activities 6. related to modern economics views 7.wider base 8.comprehension 9. clear arguments 10.ordinary business of life
What is the correct definition of economics?
what is the defination of economics
Classification of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
What are the classifications of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
