835 Views

explain robinsons scarcity oriented definition of economics


Tank haresh jayeshbhai 18th Nov, 2019
Answer (1)
Atharva Bhombe 1st Dec, 2019

Hello,

According to the Lionel Robbins , " Economics is the science which studies human behavior as a relationship between unlimited ends and scarce means which have alternative uses " so this is explained as economics is the science in which we study the human behavior and as the behavior the humans, they are never satisfied i.e human wants are unlimited which can never be fulfilled. if one desire is fulfilled the new on arise immediately. but there is so limited amount of the resources so the every desire cannot be fulfilled. so the economics is help us to do so that with limited sources we can fulfill our needs by finding the alternatives.

Hope this answer will help you

Good luck

Related Questions

Amity University-Noida B.Com ...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
Amity University | M.Com Admi...
Apply
Asia’s only university to be awarded the highest accreditation by WASC, USA and by the Quality Assurance Agency for Higher Education (QAA), UK
University of Liverpool, Beng...
Apply
Study at a world-renowned UK university in India | Admissions open for UG & PG programs.
University of Bristol, Mumbai...
Apply
Bristol's expertise meets Mumbai's innovation. Admissions open for UG & PG programmes
SRM University, Chennai Scien...
Apply
NAAC A++ Accredited | Ranked #11 by NIRF
ICFAI University Tripura B.Co...
Apply
Awarded as the most Promising brand | Meritorious Scholarship available
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books