Author of "An inquiry into the nature and causes of wealth of nation" - Adam smith, Microeconomics is concerned with - The study of individual economic units behaviour , Economics is a study of mankind in the ordinary business of life, given by - Alfred Marshall , who has given scarcity definition of economics? - Robbins, Which theory is generally included under micro economics? - price theory , Who is the Father of Economics? - Adam Smith, Utility means - Want - satisfying capacity of goods and services , The process of reasoning from particular to general is - Inductive Method , Growth definition given by - samuelson, Welfare definition given by - marshall,

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