834 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
Ranked as India’s #1 Not for profit pvt. University by India Today
Graphic Era (Deemed to be Uni...
Apply
NAAC A+ Grade | Among top 100 universities of India (NIRF 2024) | 40 crore+ scholarships distributed
Galgotias University | Admiss...
Apply
25+ years of legacy | NAAC A+ Grade | 800+ Recruiters | 1.5 CR-Highest Package
GNA University B.Com Admissio...
Apply
100% Placement Assistance | Avail Merit Scholarships
UPES Dehradun | B.Com Admissi...
Apply
#41 in NIRF | Highest Package 1.3 CR, Ranked #1 in Academic Reputation in India by QS World University Rankings | Last Date to Apply: 14th August |...
Amity University | M.Com Admi...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
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