wiz-icon
MyQuestionIcon
MyQuestionIcon
4
You visited us 4 times! Enjoying our articles? Unlock Full Access!
Question

Economics according to Lionel Robbins is a __________.

A
normative science.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
applied science.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
positive science.
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
experimental science.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B positive science.

Lionel Robbins was a British economist who proposed a very scientifically positive 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 a positive relationship between these wants and scarce means.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Wealth of an Economy
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon