Question

Explain the robbin's defination of economics. explain why this defination superior to other defination of economics.

Answer 1

Lionel Robbins was a British economist who proposed a very scientific definition on economics where he emphasised on setting up an effective relationship between the human wants and scarce means to maximise the satisfaction of most of the unlimited wants in the economy.

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Answer 2

Answer. Lionel Robbins was a British economist who proposed a very scientific definition on economics where he emphasised on setting up an effective relationship between the human wants and scarce means to maximise the satisfaction of most of the unlimited wants in the economy.