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Many writers of the early days defined economics as "a science of wealth". Adam Smith commonly know as the father of modern economics, defined economics as "An enquiry into the nature and causes of wealth of nations."

These definitions were defective because they gave much importance to wealth. As wealth is not everything, it only leads to achieve welfare of human. Therefore it is man an which is the aim all of the economic activities.

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Professor Dr. Alfred Marshall was the first economist who gave a logical definition of economics. He defined economics as: "A study of mankind in ordinary business of life, it examine that part of individual and social actions which is closely related with attainment and use of material requisites"

CHARACTERISTICS OF DEFINITION:

This definition gave a new direction to the study of economics. Following are the important characteristics of definition.

1. A Social Science

This Definition makes economics a social science. It is a subject that is concerned with the people living in society. According to Marshall, as the behavior of human beings is not same all the time therefore principles of economics cannot be formulated like the laws of sciences. Further laws of economics are not as exact as the laws of natural sciences. For this reason it is a social science.

2. Study Of Man

Economics is related to man; therefore it is living subject. It discusses economic problems and behavior of man. According to Marshall it studies the behavior of man In ordinary business of life.

3. Wealth As A Means Of Material Well Being

According to Marshall, wealth is not the ultimate objective of human activities and therefore we do not study wealth, for the sake of wealth. Therefore according to this definition we study wealth as a source of attainment of material welfare.

4. Economics And Welfare

This definition makes economics a welfare oriented subject. We are concerned only with those economic activities which do not promote material welfare of human beings are out of the scope of economics.

5. Materiality

Marshal stresses upon the concept of "material requisite of well being". Therefore according to this definition all economic activities resolve around the acquisition and use of material goods like food, clothing etc. because they increase welfare of human beings. On the other hand non-material requisites of human life like education, recreation are ignored.

6. Normative Outlook

According to this definition economics should take care of good and bad aspects of economic activities and therefore involve itself in "what should be and what should not be". This is called normative aspect of economics.

CRITICISM

"Robbins and other many economists severely criticized this definition on following grounds."

1. Limited To Material Welfare

This definition limits the subject of economics to material welfare of people. But the subject of economics is not limited to the study of material welfare of human beings. In reality both material and non material aspects of wellbeing are studies in economics.

2. Vague Concept of Welfare

The concept of welfare used in this definition is also not clear. The welfare of human beings is not limited to the attainment of material requisites. There are many other factors which affect the human welfare. Further the word "welfare" has different meaning for different persons and different societies. Therefore we cannot define economics using an unclear concept of welfare.

3. Limited Scope

This definition has made the scope of economics limited. Only those activities are studied in economics which are aimed at the attainment of material requisites of well being. Further it ignores the economic activities of a person not living in society. Attainment of non material requisites of human well being fall out of the scope of economics. This division of material and non material aspects of human welfare is not correct.

4. Economics And Welfare

According to Robbins the study of economic activities on the basis of welfare is not good. It is not the duty of an economist to pass verdict that what is conducive to welfare and what is not. Thus according to Robbins "Whatever Economics is concerned with, it is not concerned with causes of material welfare as such.

5. Moral Judgment

In this definition Marshall makes economics a subject which considers the right and wrong aspect of economic activities. According to Robbins economics in neutral as regards ends and it is not the function of an economist to pass moral judgments and say what is good and what is bad.

6. Unrealistic

This definition appears to be unrealistic as we analyze it critically. The unclear concept of welfare, the division of ends into material and non material, the stress on good and bad, the concept of man living in society etc. all these concepts put unnecessary restrictions and make the scope of economics limited. These ideas make the definition unrealistic.

CONCLUSION

Although this definition gave a new direction to the subject of economics but it had many weaknesses. Some of the faults of definition are discussed above. For these reasons this definition was replaced by other new definitions of economics.

Nature and Scope of Economics

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Source of Life Animal Parade Gold Children's-Cherry Flavor - 120 - Chewable

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• Disclaimer: This website is for informational purposes only. Always check the actual product label in your possession for the most accurate ingredient information due to product changes or upgrades that may not yet be reflected on our web site. These statements made in this website have not been evaluated by the Food and Drug Administration. The products offered are not intended to diagnose, treat

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Source of Life Animal Parade Gold Children's-Cherry Flavor - 120 - Chewable Overview

Source of Life Animal Parade Gold Children's-Cherry Flavor With Vitamin D3, Vitamin K2, Probiotics and Organic Gold Standard Whole Foods Animal Parade® GOLD Multi Children’s Chewable takes this best-selling multi-vitamin and mineral formula to the next level! The award-winning taste continues in an irresistibly delicious sugar-free formula, bursting with natural cherry flavor! Each serving of these fun, animal-shaped chewables is now packed with 500 IU of vitamin D3, more trace minerals, enzymes, probiotics, and an extensive assortment of organic whole foods. Animal Parade GOLD is sweetened with xylitol, which may reduce the risk of tooth decay. Animal Parade GOLD is the new gold standard in children’s supplementation. This delicious, unique and highly effective supplement features: Vitamin D3 for optimal bone support and immune system health Vitamin K2 for superior immune, blood and bone health Over 20 certified organic whole foods for synergistic health-promoting activity All essential vitamins and minerals Complete intestinal, oral and dental probiotics Lutein for eye and skin protection Live enzymes and bioflavonoids for unmatched absorption and activity! Delicious cherry flavor! Fun animal shapes! Xylitol, which may reduce the risk of tooth decay With so many outstanding features, Animal Parade GOLD is the most comprehensive, health-boosting investment a parent can make. Other Ingredients:Xylitol, natural color, citric acid, guar gum, natural cherry flavor, magnesium stearate, Certified Organic Gold Standard Whole Food Blend (organic acerola extract, apple fruit, broccoli sprout, cauliflower sprout, collard, cordyceps (Cordyceps sinensis) mushroom mycelia, kale, kale sprout, maitake (Grifola Read more

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Nature's Bounty Vitamin D3, 1000 IU, High Potency, 120 Softgels (Pack of 4)

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Do you know your zodiac sign? Do you ever wonder why people have certain personality characteristics? These twelve signs could explain these questions and give you insight into your future and your relationships.

There are two ways to group the twelve signs. The first way is to divide them into four groups, based on the four elements. Aries, Leo and Sagittarius are in the Fire group. Fire signs are very intense and exciting, inspirational and imaginative. Taurus, Virgo and Capricorn are in the Earth group. Earth signs have characteristics such as common sense and stability. Gemini, Libra and Aquarius are in the Air group. Air signs are very sociable and intellectual. Lastly, Cancer, Scorpio and Pisces are in the Water group. Water signs are very emotional and have great intuition.

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The second way to group the zodiac signs is to separate them into three modes. The three modes are based on creativity. Aries, Cancer, Libra and Capricorn are in the first mode called Cardinal. Cardinal signs are inclined to initiate change. They cause things to happen. Taurus, Leo, Scorpio and Aquarius are in the mode called Fixed. Fixed signs are inclined to sustain, preserve, endure and solidify change. They are very focused and determined. Gemini, Virgo, Sagittarius and Pisces are in the last mode called Mutable. Mutable signs are very adaptive and flexible. They take things and attempt to adapt or alter them.

If you combine the two classification systems, you will find that each sign has a different combination of the two groups. For example, Taurus is fixed earth and is the only sign that has that combination. This is what makes each sign unique and what creates different characteristics in people.

People that are Aries are born between March 20th and April 18th. This sign is represented by the ram and ruled by Mars. Some characteristics of Aries are independent, impulsive, competitive, arrogant, dynamic, adventurous, energetic and courageous. Aries always wants to be the best and wants to lead. Aries is very faithful to friends and family. Aries are good matches in relationships with Gemini, Leo, Libra and Scorpio.

If you are born between April 19th and May 20th then you are a Taurus. This sign is represented by the bull and is ruled by Venus. People under the Taurus sign are dependable, practical, reliable, patient, stubborn, warm hearted and loving. They are very faithful to family and friends, but if insulted, they won't forget it. Taurus makes good matches in relationships with Libra, Scorpio and Capricorn.

Gemini falls between the dates May 21st and June 20th. This sign is represented by the twins and is ruled by Mercury. Some characteristics include curiosity, adaptability, versatility, witty and expressiveness. Geminis are great communicators; they love to talk. They can be pessimistic sometimes due to the duality of their nature. Gemini makes good matches in relationships with Virgo, Libra and Sagittarius.

The dates of Cancer are June 21st to July 22nd. This sign is represented by the crab and is ruled by the moon. People under the Cancer sign are sensitive, sympathetic, emotional, romantic, shy and lazy. These people take everything personally because they are so sensitive. Cancer makes good matches in relationships with Pisces, Scorpio and Aquarius.

If you are born between July 23rd and August 22nd then you are a Leo. This sign is represented by the lion and is ruled by the sun. Some characteristics include creativity, optimism, loyalty, confidence, generosity and boastful. Leos love to get everyone's attention; they often will buy very expensive items. They also love to entertain. Great matches for Leo are Scorpio, Capricorn and Leo.

Virgo falls between the dates August 23rd and September 22nd. It is represented by the virgin and is ruled by Mercury. Some characteristics are accuracy, competency, rational, intelligent and picky. Virgos need lots of adoration and attention. They are perfectionists and must have their home ordered and clean. Virgo makes good matches in relationships with Gemini, Pisces and Taurus.

People that are a Libra are born between September 23rd and October 22nd. This sign is represented by the scales and is ruled by Venus. These people are cooperative, persuasive, sociable, indecisive, loyal, caring, adaptive and devoted. Libras want everyone to receive fair justice. They are very trustworthy in relationships; however, this sometimes makes them possessive. Great matches for Libra include Aquarius, Aries and Taurus.

If you are born between October 23rd and November 21st, then you are a Scorpio. This sign is represented by the scorpion and is ruled by Pluto. Some characteristics include passionate, motivation, resourceful, clever, intuitive, non-compromising, temperamental, suspicious and sarcastic. Money is very important for these people. Scorpios can say one thing but be thinking another, which makes them great actors. Great matches for Scorpio include Capricorn, Leo and Pisces.

Sagittarius falls between the dates of November 22nd and December 21st. The sign is represented by the archer and is ruled by Jupiter. These people are enthusiastic, generous, blunt, impatient, optimistic, honest and faithful. Sagittarians are not very emotional. They also will quickly adapt to different situations. Some good matches for them are Gemini, Aries, Taurus and Virgo.

The dates for Capricorn are December 22nd to January 19th. This sign is represented by the goat and is ruled by Saturn. Some characteristics of Capricorn are responsible, careful, practical, shy and reserved. They are very faithful to family and friends. They are very affectionate and kind but this is often suppressed due to their shyness. They are also very insecure about their abilities. Good matches for Capricorn are Cancer, Leo, Taurus and Virgo.

Aquarius falls between the dates January 20th and February 18th. This sign is represented by the water-bearer and is ruled by Uranus. Some characteristics are independent, unpredictable, intellectual, charming and sincere. These people aren't very sociable and prefer to be by themselves. However, they can entertain easily. Good matches for Aquarius are Aries, Gemini and Libra.

People that are Pisces are born between February 19th and March 19th. The sign is represented by the fish and is ruled by Neptune. Some characteristics include compassionate, dreamy, artistic, independent, sensitive, loving, impractical and timid. They can easily adapt to different situations and can handle many different tasks at the same time. Good matches for relationships include Aquarius, Cancer and Scorpio.

These twelve zodiac signs can easily explain why people are the way they are and why they do certain things. Zodiac signs can also help you in relationships. This can explain why many relationships don't work out and why others do.

Astrology - Zodiac Sign Facts

Michael Russell

Your Independent guide to Astrology