“It is common to distinguish necessaries, comforts, and luxuries; the first class including all things required to meet wants which must be satisfied, while the latter consist of things that meet wants of a less urgent character.”
Quote by Alfred Marshall
Work
Principles of Economics
This book serves as a foundational resource for understanding the principles of economics, including microeconomics and macroeconomics, market structures, and economic policies. more
Author
Alfred Marshall
Alfred Marshall was a British economist born on July 26, 1842, and died on July 13, 1924. He is one of the most influential economists of the late 19th and early 20th centuries and is considered one of the founders of neoclassical economics. more
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