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Which one of the following is not a point in the Welfare Definition of Economics?

a. Study of and ordinary man

b. Economics does not focus on wealth alone

c. Economics is the study of material welfare

d. Economics deals with unlimited wants and limited means

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1 Answer

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The correct option is (d) Economics deals with unlimited wants and limited means

The welfare definition of economics is an effort by Alfred Marshall, a pioneer with khotacityneoclassical, to rethink his field of consideration. This definition grows the field of financial science to a bigger consider of humankind.

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