810 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

UPES Dehradun | B.Com Admissi...
Apply
#41 in NIRF | 50 LPA Highest CTC, Ranked #1 in Academic Reputation in India by QS World University Rankings
Alliance University B.Com (Ho...
Apply
Highest CTC 60.1 LPA | 800+ Recruitment Partners
DSU- Dayananda Sagar Universi...
Apply
60+ Years of Education Legacy | UGC & AICTE Approved | Prestigious Scholarship Worth 6 Crores
Symbiosis Online Programs
Apply
Online PG programs from Symbiosis Centre for Distance Learning
GMAT™ Exam
Apply
Select test center appointment | Scores valid for 5 Years | Multiple Attempts | Round 2 Closing Soon
Parul University B.Com Admiss...
Apply
India's youngest NAAC A++ accredited University | NIRF rank band 151-200 | 2200 Recruiters | 45.98 Lakhs Highest Package
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