Question

1) key point in Lionel Robbins
definition: A) wants are unlimited. B)
means are limited. C) wants are not
gradable. D) means have alternative
US​

Answer 1

Answer:

want are not gradable

Explanation:

ok

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Answer 2

Answer:

According to Lionel Robbins, economics is the scientific study of human behaviour in relation to finite resources and insatiable human desires and needs. Lionel Robbins emphasises three main elements in his concept of economics: the boundless human desire, the scarcity or fear of resources, and alternate applications.

Explanation:

Key points in Lionel Robbins' definition are  Wants are unlimited, Means are limited, and Means have alternative uses.

Option (3) a, b and d are correct.

Lionel Robbins stated three very important things. Firstly, Wants are unlimited. A man is a social animal with a never-ending desire. This desire acts as a driving force in his pursuit of things and feelings of achievements they attain after doing tasks. Wants are only increasing by the day which brings us to our next point, the scarcity of means.

Means are limited because these wants are ever-increasing. Means and wants aren’t proportional and with the rise in factor brings a low in its nemesis factor. Lastly, the existence of alternative uses sums up the ability of man to use these available and scarce means to their fullest so that they can last long.

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