Search results
We did not find results for: welfare definition of economics.
Check spelling or type a new query.
We did not find results for: welfare definition of economics.
Check spelling or type a new query.
The welfare definition of economics is an attempt by Alfred Marshall, a pioneer of neoclassical economics, to redefine his field of study. This definition expands the field of economic science to a larger study of humanity. Specifically, Marshall's view is that economics studies all the actions that people take in order to achieve economic welfare. Wikipedia