definition of alfred marshell of economics in urdu hindi - definitions of economics

definition of Alfred marshell of economics in Urdu Hindi - definitions of economics Marshall's theory of capital was designed to serve two main purposes: an integration of the theory of income distribution into a general theory of value and the closing of the gap between economic theory and business practice. Alfred Marshall was the dominant figure in British economics (itself dominant in world economics) from about 1890 until his death in 1924. His specialty was microeconomics—the study of individual markets and industries, as opposed to the study of the whole economy. His most important book was Principles of Economics. Economics is a social science which means it studies society and relationships between people. Economists analyze many different aspects of human behavior and decision-making within and between markets, organizations, and countries. the science which studies human behavior as a relationship between ends and scarce means which have. alternative uses. This means that economics is a human science. It involves maximizing satisfaction. from scarce resources and the means available for satisfying these ends (wants) are scarce or limited in.