ECON 2 Flashcards
1
Q
growth process begins with rising labor productivity, which is a result of specialiation/ division of labor
A
adam smith
2
Q
economics is a study of human as they live and move and think in the ordinary business of life
A
alfred marshall
3
Q
wealth is not the end but the human welfare
A
alfred marshall
4
Q
economics is the science which studies human behavior as a relationship between ends and scarce means have alternative uses/ scarcity and human behavior
A
lionel robbins
