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Alfred Marshall: Father of Neo-Classical Economics by Rachel San juan is a document available to read on EtoBox.

Alfred Marshall was a prominent 19th century British economist who made significant contributions to neoclassical economics. He emphasized that both supply and demand determine the price and output of goods, representing them as intersecting curves. Marshall also originated concepts like price elasticity of demand, consumer surplus, and producer surplus. He is regarded as the "Father of neo-classicism" for introducing the model of supply and demand equilibrium.

Author

Rachel San juan

Language

EN