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Question
As per __________ "Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."
As per __________ "Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."
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Solution
The correct option is A Lionel Robbins
Lionel Robbins was a
British economist who proposed a very scientific definition on economics where
he emphasized on making choices by the study of human behaviour from various alternative uses of the scarce
resources in order to maximize the satisfaction of most of the unlimited wants in the economy by setting up an effective relationship between these wants and scarce means.
Lionel Robbins was a British economist who proposed a very scientific definition on economics where he emphasized on making choices by the study of human behaviour from various alternative uses of the scarce resources in order to maximize the satisfaction of most of the unlimited wants in the economy by setting up an effective relationship between these wants and scarce means.
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