Answered: A.C. Pigou considered economics as…

A.C. Pigou considered economics as ______________. A. Science of wealth B. Science of material well being C. Science of choice making D. Science of growth and development

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter1: What Is Economics

Section1.1: The Basic Problem In Economics

Problem 1R

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Concept explainers

Factors of Production

Factors of production – in simple words means the factors that are used for producing any product or service. This includes the resources which are necessary for the manufacturing of products. Factors of production are also known as the building blocks of the economy.

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A.C. Pigou considered economics as ______________.

A. Science of wealth

B. Science of material well being

C. Science of choice making

D. Science of growth and development

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