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Question
How does Robbins define Economics?
Options
Science of Markets
Science of Business
Science of Life
Science of Scarcity
MCQ
Solution
Science of Scarcity
Explanation:
Economics, according to Lionel Robbins, is a study of scarcity. "Economics is the science that investigates human behaviour as a link between aims and scarce means that have alternative uses," writes Prof. Robbins in his book The Nature and Significance of Economic Science.
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