___________ said "Economics is a social science concerned with the administration of scarce resources".

Robertson

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Scitovsky

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Robbins

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Aukley

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Solution

The correct option is B Scitovsky
Scitovsky said "Economics is a social science concerned with the administration of scarce resources". Just like Robbins, Scitovsky also believed that economics is a science which deals with the study of human behavior as a relationship between ends and scarce means which have alternative uses. Since human wants are unlimited and resources are limited, it calls for efficient allocation of the resources.

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