What is Growth-oriented definition of Economics? Explain the main virtues of this definition.

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07-03-2021
Business

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What is Growth-oriented definition of Economics? Explain the main virtues of this definition.

Sagot :

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Maricelapez Maricelapez · Answer 1 · 2021-03-07T00:03:06-05:00

Maricelapez Maricelapez

07-03-2021

Growth Definition (1948) According to Prof. Paul A Samuelson “ Economics is the study of how men and society choose with or without the use of money, to employ the scarce productive resources which have alternative uses, to produce various commodities over time and distribute them for consumption now and in future.

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