Definition of economic (all writers)
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Robbins is famous for his definition of economics: "Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."
In his book of alfred marshall “Principles of Economics" published in 1890, has defined economics in these terms, “Economics is a study of mankind in the ordinary business of life. It examines that part of individual and social action which is most closely connected with the attainment and use of material requisites of well being”.
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In his book of alfred marshall “Principles of Economics" published in 1890, has defined economics in these terms, “Economics is a study of mankind in the ordinary business of life. It examines that part of individual and social action which is most closely connected with the attainment and use of material requisites of well being”.
hope u like it
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