Who defined economics as the study of the relationship between unlimited wants and scarce resources ?

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Who defined economics as the study of the relationship between unlimited wants and scarce resources ?

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William 12 months 1 Answer 378 views Silver 0

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  1. Lionel Robbins defined economics as the study of the relationship between unlimited wants and scarce resources.

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    As per Wikipedia ” Economics studies how to use the limited resources to satisfy the unlimited wants of men. In the words of Lionel Robbins, the modern economist, ‘Economics is a science which studies human behavior as relationship between ends and scarce means which have alternatives uses’.”

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    Video OnĀ  Lionel Robbins

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