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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


Team Careers360 10th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

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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