Economy, asked by abhishekbehera4146, 1 month ago

Give two main features of Robbins definition.​

Answers

Answered by hpbee
4

Answer:

The main features of Lionel Robbins definition are:

a. Ends refer to human wants. Human

beings have unlimited number of

wants.

b. On the other hand, resources or means

that go to satisfy the unlimited human

wants are limited or scarce in supply.

The scarcity of a commodity is to

be considered only in relation to its

demand.

c. Further, the scarce means are capable

of having alternative uses. Hence,  an

individual grades his wants and satisfies

first his most urgent want. Thus, Economics, according to Robbins, is a science of choice.

Answered by AyonticaBiswas
7

Answer:

Features of Robin include its distinctive ref breast and face grey under parts brown head wings and tail.Their flight is distinguishable by rapid wing beats for short fast flight

Similar questions