Economy, asked by Anonymous, 5 months ago

Define the concept of economic. Give it's selient features.

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Answered by arshifakhan569

1

Answer:

Explanation:Lionel Robbins has given scarcity definition of economics in these words, "Economics is a Science that studies human behavior as a relationship between limited resources and unlimited wants which gave alternative uses". Major points of Lionel Robbins definition of Economics: 1 - Ends (Unlimited Wants)

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