Answer the following questions in one sentence : (1) State the definition of economics given by Robbins. (2) Which is the focus point of Samuelson's definition of economics ?
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(1) The definition of economics given by Lionel Robbins is:
"Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses".
From his book, An Essay on the Nature and Significance of Social Science.
(2) Focus point of Samuelson's definition of Economics is:
Sustainable development of the economy, as it deals with the men who can employ scarce resources to produce various commodities for the present as well as future use which provides security to the future generation.
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