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The 4 classifications of Economics definitions per the OCR are:
AClassical, Neoclassical, Keynesian, Modern
BWealth, Welfare, Scarcity, Growth
CMicro, Macro, International, Development
DPositive, Normative, Quantitative, Qualitative
Answer & Solution
Correct answer: B. Wealth, Welfare, Scarcity, Growth
1. Per OCR: "The definitions of economics can be classified into four categories. (a) Wealth definition (b) Welfare definition (c) Scarcity definition (d) Growth definition."
2. Each represents a school's emphasis.
3. Scarcity = Robbins; Growth = Samuelson.
_Source: ICMAI BoS CMA Foundation Paper 4 (FBEM) — Paper4_07042026.pdf, Module 1 §1.1.1 (page 13)_