_________ introduced the concept of welfare in the study of economics:

Related MCQs

• The word ‘Micro Economics and Macro Economics’ were first coined by
• 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 ______
• The subject matter of economics is the study of:
• Which of the following definitions of Economics include the economic concept of ‘scales of Preferences’?
• The concept of utility was introduced by
• Who first introduced the concept of circular flow of income?
• 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: