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Wealth of an Economy

"Economics is...

Question

"Economics is the science which studies human behaviour as a relationship between __________ which have alternative uses."

A

ends

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B

scarce means

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C

ends and scarce means

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D

ends and unlimited means

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Solution

The correct option is C ends and scarce means
Lionel Robbins definition of economics states that "Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."

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