Correct option is D
| List – I (Concept) |
List – II (Source) |
||
| A. |
Free commerce and communication |
IV. |
Adam Smith |
| B. |
Communication in economics |
I. |
Alfred Marshall |
| C. |
Language as a conduit of communication |
II. |
John Locke |
| D. |
Lines of communication |
III. |
Karl Marx |
· Adam Smith: Known for his work "The Wealth of Nations," which laid the foundation for modern economics.
· Alfred Marshall: His contributions include refining economic theory and focusing on supply, demand, and price mechanisms.
· John Locke: A philosopher who emphasized the role of language in human thought and communication.
· Karl Marx: Focused on the socio-economic structure, including how communication plays a role in maintaining control over resources and power.
· Free commerce and communication (A): Adam Smith advocated for open markets where free communication between buyers and sellers could lead to efficient outcomes.
· Communication in economics (B): Alfred Marshall brought clarity to the importance of communication in markets, especially in relation to pricing mechanisms.
· Language as a conduit (C): John Locke's focus was on language as a tool for exchanging ideas and facilitating understanding.
· Lines of communication (D): Marx viewed lines of communication as part of the economic infrastructure necessary for sustaining capitalist production.
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