Question

Lionel Robbins considered economics as _____________.

• A. science of wealth
• B. science of material well-being
• C. science of choice-making
• D. science of growth and development

Answer 1

Answer: (C)

science of choice-making

Lionel Robbins, was a British economist who proposed a definition of economics which emphasized on making choices from various alternative uses of the scarce resources in order to maximize the satisfaction achieved from the use of the resources from the fulfillment of wants.