Scarcity definition (Lionel Robbins)
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Scarcity Definition (Modern Definition): Lionel Robbins. ... According to the Lionel Robbins, "Economics is the science which studies human behavior as a relationship between unlimited ends and scarce means which have alternative uses"ÂÂÂ . This definition was supported by various famous economists like Stigler, Peter, etc ...
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Scarcity Definition (Modern Definition): Lionel Robbins. ... According to the Lionel Robbins, "Economics is the science which studies human behavior as a relationship between unlimited ends and scarce means which have alternative uses"ÂÂÂ . This definition was supported by various famous economists like Stigler, Peter, etc ...
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