Question

According to Marshall, what should be the ultimate goal of economic activity?

• A. Accumulating wealth
• B. Maximizing profits
• C. Serving human well-being
• D. Increasing production

Answer 1

Answer:

C. Serving human well-being

Alfred Marshall

• Author of "Principles of Economic Science".

• He argued that wealth should ultimately serve human well-being and that all economic activities should prioritize human well-being.