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Sagot :
Marshall established the basic economic activities taken out by a person to exist. Thus, by 'ordinary business of Life', he directed to the analysis of economic activities of man.
What does economics is an analysis of mankind in the ordinary business of life means?
Political Economy or Economics is a breakdown of mankind in the ordinary business of life; it studies that part of individual and social action which is most near connected with the achievement and with the use of the material requisites of wellbeing. Economics impacts our daily lives in both prominent and subtle ways.
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