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Who said Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses?
Who said Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses?
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Solution
The correct option is B Robbins
Lionel Robbins was a British economist. He redefined the scope of economics to be "the science which studies human behavior as a relationship between ends and scarce means which have alternative uses"
Resources are limited and hence, scarce resources. Economics is the study of the optimum utilization of scarce resources to its alternative uses.
Lionel Robbins was a British economist. He redefined the scope of economics to be "the science which studies human behavior as a relationship between ends and scarce means which have alternative uses"
Resources are limited and hence, scarce resources. Economics is the study of the optimum utilization of scarce resources to its alternative uses.
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