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Question
On which of the following themes of economics Samuelson has emphasized?
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Solution
The correct option is C Scarcity and efficiency
According to Samuelson, “Economics is the study
of how people and society choose, with or without the use of money, to employ
scarce productive resources which could have alternative uses, to produce
various commodities over time and distribute them for consumption now and in
the future among various persons and groups, thus he emphasis on
scarcity of resources & unlimited wants.
According to Samuelson, “Economics is the study of how people and society choose, with or without the use of money, to employ scarce productive resources which could have alternative uses, to produce various commodities over time and distribute them for consumption now and in the future among various persons and groups, thus he emphasis on scarcity of resources & unlimited wants.
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