Question : Find the correct match:
Option 1: An enquiry into the nature and causes of the wealth of the nation: A.C. Pigou.
Option 2: Science that deals with wealth: Alfred Marshall.
Option 3: Economics is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses: Robbins.
Option 4: The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of money: Adam Smith
Correct Answer: Economics is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses: Robbins.
Solution : The correct match is (C) Economics is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses: Robbins.
Economics is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses: Lionel Robbins.
Lionel Robbins was an English economist who is known for his definition of economics. Robbins defined economics as "the science that studies human behavior as a relationship between ends and scarce means which have alternative uses."
Question : Who said, "Economics is the Science of Wealth"?
Question : Which of the following is an example of positive economics?
Question : The central problem in economics is that of
Question : Bearing in mind the assertion that economics is a "positive" and not a "normative" science, with which of the following problems would an economist be concerned? I. The unfairness of the distribution of wealth II. The effect on prices due
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