What Are The Main Features Of Marshall Definition? The main features of Marshall’s definition of economics are: Study of material requisites of well-being: This definition indicates that Economics deals with the material aspects of well-being. Thus, it studies the materialistic aspects of economic welfare. What is Marshall’s definition of economics? – Alfred Marshall. Economics is
Which Economist Believed Government Intervention Is Necessary For Stability? Keynes further asserted that free markets have no self-balancing mechanisms that lead to full employment. Keynesian economists justify government intervention through public policies that aim to achieve full employment and price stability. Who believed government intervention is necessary for stability? John Maynard Keynes was an early
What Famous Quote Comes From John Maynard Keynes? What famous quote comes from John Maynard Keynes? “It is better to be roughly right than precisely wrong.” “If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.” “Capitalism is the astounding belief that the most wickedest