Economics · Microeconomics

"Interest is the reward for parting with liquidity (or capital) for a specified period." Who stated this definition?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Correct answer

Alfred Marshall

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length Economics mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Microeconomics?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Microeconomics

A market structure characterized by the presence of only a single buyer and a single seller is known as:

Mutual interdependence among firms is a key characteristic of which market structure?

The concept of 'Consumer Surplus' was comprehensively developed and introduced into neoclassical economics by:

Related Practice Questions