Modern economist define economics as __________.

science of growth and efficiency

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art of understanding consumer behaviour

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art of taking ration decisions

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science of rational behvaiour

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Solution

The correct option is A science of growth and efficiency
Modern economists define economics as the science of growth and efficiency as in the contemporary world economics focuses the rate of growth and how much the scarce resources are efficiently used,that is, without wastage in order to derive the maximum utility.

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