Question : The economic definition of welfare is offered by ?
Option 1: Samuelson
Option 2: Alfred Marshall
Option 3: A,C Pigou
Option 4: Lionel Robbins

Question

Question : The economic definition of welfare is offered by ?

Option 1: Samuelson

Option 2: Alfred Marshall

Option 3: A,C Pigou

Option 4: Lionel Robbins

Team Careers360 · Accepted Answer

Correct Answer: Alfred Marshall

Solution : The economic definition of welfare is offered by Alfred Marshall.
Alfred Marshall, a proponent of neoclassical economics, made an effort to broaden his field of study by proposing the welfare concept of economics.

Hence , the correct option is 2.

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Question : The economic definition of welfare is offered by ?Option 1: SamuelsonOption 2: Alfred MarshallOption 3: A,C PigouOption 4: Lionel Robbins

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Question : The economic definition of welfare is offered by ?
Option 1: Samuelson
Option 2: Alfred Marshall
Option 3: A,C Pigou
Option 4: Lionel Robbins

Question : Who originated the fundamental cardinal concept of utility?
Option 1: Robbins
Option 2: Pal a Samuelson
Option 3: Hicks and allen
Option 4: Alfred Marshall

Question : Who propounded the Innovation theory of profits ?
Option 1: J .A. Schumpeter
Option 2: P .A. Samuelson
Option 3: Alfred Marshall
Option 4: David Ricardo

Question : Who has been coined the term “utility”?
Option 1: Pigou
Option 2: Marshall

Option 3: Hicks and allen

Option 4: Robbins

Question : Who has given ordinal utility theory?
Option 1: Alfred Marshall
Option 2: AC Pigou
Option 3: Hicks and Allen
Option 4: David Ricardo

Question : The Liquidity Preference Theory of Interest was propounded by :
Option 1: J. M. Keynes
Option 2: David Ricardo
Option 3: Alfred Marshall
Option 4: Adam Smith