Question

As per Robbins definition, human wants are ____________.

• A. unlimited
• B. limited
• C. scarce
• D. all of the above

Answer 1

Answer: (A)

unlimited

Lionel Robbins was a British economist who proposed a very scientific definition on economics where he emphasized in an effective relationship between the ends and scarce means in the economy where he defined ends as the human wants which are unlimited in the economy due to alternative uses of the resources available in the economy.