Question

All but one are the merits of Robbins' definition. Which one?

• A. Status of a positive science.
• B. An analytical definition.
• C. Points out the central problem of economics.
• D. Concealed concept of welfare.

Answer 1

Answer: (D)

Concealed concept of welfare.

Lionel Charles Robbins was a British economist, and prominent member of the economics department at the London School of Economics who defined economics as science which studies human behaviour as a relationship between ends and scarce means where concept of welfare is regarded as one of the merits as it focuses on individual and group behaviour.