Difference between robinson definition and marshallian definition of economics
Answers
economics is a social science which studies ordinary business of life. It does not study the extra ordinary man like Robbins Cruseo. But, In the view of Robbins, Economics is a human science which studies all the human being who involved in the use if scare means to fulfill the unlimited wants.
Answer:
Marshall’s Definition
“Economics is the study of man in ordinary business of life. It enquires how he gets his income and here he uses it. It examines that part of individual and social action, which is most closely connected with the attainment and with the use of material requisites of well-being………………..It is the study of wealth on one side and on the other side, which is more important, it is a part of the study of man.”
Robbin’s Definition
“Economics is the science which studies human behaviour as a relationship between multiple ends and scarce means, which have alternative uses.”
A comparative study of both the definitions is made on the b
Explanation: