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.... 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 the “welfare” aspect of Economics
Understand the Problem
The question is asking for the identification of an incorrect statement among the multiple statements provided about different economists and their definitions or contributions to economics.
Answer
Alfred Marshall propagated the welfare definition, not the wealth definition, of Economics.
The final answer is when Alfred Marshall propagated the wealth definition of Economics - this statement is incorrect.
Answer for screen readers
The final answer is when Alfred Marshall propagated the wealth definition of Economics - this statement is incorrect.
More Information
Alfred Marshall is well known for his welfare definition of economics, emphasizing the role of economics in enhancing human welfare rather than just focusing on wealth accumulation.
Tips
A common mistake is confusing Adam Smith, known for the wealth definition, with Alfred Marshall.
Sources
- Definition/Meaning of Economics/ Scarcity - Studycaller - studycaller.com
- Which of the following statements is incorrect - EMBIBE - embibe.com
- Which of the following statements is incorrect?a)Alfred marshall ... - edurev.in
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