Simple Teachings of Economics

This chapter is the introduction of Economics for XII standard Economics students. this will include questions on Economics which will be helpful to the students of Economics

Who is the Father of Economics?

1. Adam Smith 2. Marshall 3. Robinson 4. None of the above

Answer Adam Smith.

Who defined Welfare Economics?

1. Lionel Robinson 2. Smith 3. Marshall 4 Paul Samuelson

Answer: Marshall

Scarcity Definition is given byLionel Robbins 

  The most suitable Definition for Economics defined by Paul Samuelson