Question

briefly discuss the most accepted definition of economics ​

Answer 1

Answer:

ECONOMICS

The Branch of Knowledge concerned with the production, consumption and transfer of wealth.

Answer 2

Lionel Robbins (1932) developed implications of what has been termed "[p]erhaps the most commonly accepted current definition of the subject": Economics is a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.

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