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Question

Who offered most scientific definition of economics?

A
Lionel Robbins
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B
Adam Smith
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C
A.C. Pigou
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D
J.N. Keynes
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Solution

The correct option is A Lionel Robbins

The most accepted definition of economics was given by Lord Robbins in 1932 in his book 'An Essay on the Nature and Significance of Economic Science. Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”


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