Explain the scarcity definition of economics and assess it
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Lionel Robbins (1939) believes that scarcity exists as the available resources are insufficient to satisfy all wants and needs. ... defined economics as "the science which studies human behavior as a relationship between ends and scarce means which have alternative uses."
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Lionel Robbins (1939) believes that scarcity exists as the available resources are insufficient to satisfy all wants and needs. ... defined economics as "the science which studies human behavior as a relationship between ends and scarce means which have alternative uses."
Hope it helps
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