alleryWho defined Business Economics in terms of the use of economic analysis in the formulation of business policies?
APaul Samuelson
BAdam Smith
CLionel Robbins
DJoel Dean
Answer & Solution
Correct answer: D. Joel Dean
1. The unit names one economist with this definition.
2. Joel Dean defined Business Economics around the use of economic analysis in framing business policies.
3. Trap: Adam Smith is linked to 'The Wealth of Nations', a different attribution.
4. Robbins and Samuelson are general economists, not the named source of this definition here.
_Source: ICAI BoS CA Foundation Paper 4 Business Economics, Ch 1 Unit I "Nature and Scope of Business Economics", p.3_
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