Question

discuss Prof Robbins definition of economics and what are the shortcomings​

Answer 1

Explanation:

In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses” (Robbins, 1935, p. 16

Answer 2

Answer:

Hey mate,

Your answer is as follows:

According to Prof Robbins definition, human wants are unlimited. On satisfaction of one wants, another want arises immediately, and this sequence continues forever.

In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”.

Explanation:

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