'Economics is a Science which deals with wealth' was referred by
Options
AAlfred Marshal
BJ.B. Say
CAdam Smith
DA.C. Pigou.
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Introduction to Business EconomicsMTP Mar 18Question 642 of 209
All Questions Correct Answer
✅ Option b — J.B. Say
All Options:
- AAlfred Marshal
- BJ.B. Say
- CAdam Smith
- DA.C. Pigou.
About This Chapter: Introduction to Business Economics
Paper
Paper 4: Business Economics
Weightage
5%
Key Topics
Meaning, Scope, Price Mechanism
This chapter lays the groundwork for understanding Business Economics as a discipline. It covers the meaning, scope, and nature of economics — including key distinctions like Microeconomics vs Macroeconomics, Positive vs Normative economics, and the fundamental economic problem of scarcity. Students learn how businesses use economic principles for decision-making in a competitive marketplace.
View Official ICAI SyllabusExam Strategy Tip
Focus on definitions and distinctions between concepts. Questions often test whether you understand the difference between Micro and Macro, or Positive and Normative statements.
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