introduced the concept of welfare in the study of economics:

Related MCQs

• Adam Smith, the father of modern economic theory, defined economics as a subject, which is mainly concerned with the study of nature and causes of generation of
• Who first introduced the concept of circular flow ofincome?
• Keynesian economics is also known as:
• Keynesian economics is:
• Starting point of Keynesian economics is:
• Who defined economics as: a science which studies human behavior as a relationship between ends and scarce means which have alternative uses:
• The concept of effective demand is associated with the nameof