definition of economics growth oriented definition by samuelson
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Economics is the study of how men and society choose, with or without the use of money, to employ scarce productive resources which could have alternative uses, to produce various commodities over time and distribute them for consumption now and in the future amongst various people and groups of society”.
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. A. ... Samuelson's growth-oriented definition of economics is concerned with choice in its dynamic setting which relates to the present and to the future.
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