Who has given scarcity definition of economics?

Adam Smith

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Marshall

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Robbins

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Robertson

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Solution

The correct option is C Robbins
Lionel Robbins, a British economist, gave his definition of economics in his book "An Essay on the Nature and Significance of Economic Science" published in 1932. Robbins has given scarcity definition of economics in these words, "Economics is a science that studies human behaviour as a relationship between limited resources and unlimited wants which have alternative uses".

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