Characteristic of the definition of economics given by j.k mehta
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Mehta has defined Economics, “as a science which studies human behaviour as a means to the end of want lessness”. Human behaviour is the subject matter of the science of Economics. It is generally the result of a state of disequilibrium of human mind. Disequilibrium is due to more pain than pleasure. Pleasure means the removal of pain. To him, want and pain are concurrent phenomena.
Perfect equilibrium can never be attained, because there is continuously increasing pain. The real relief from pain consists not only in removing present wants but also not creating new wants in future
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