Critically examine Lionel Robinson's definition of economics(150 words)
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Answer:
The features of Robbin's definition are: Human wants are unlimited: The scarcity definition of Economics states that human wants are unlimited. If one want is satisfied, another want crops up. ... Efficient use of scarce resources: Wants are unlimited and are to be considered in order of importance.
“the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”.
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