Question

State any two features of growth-oriented definition of economics.
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Answer 1

• The main characteristics of Samuelson's definition are as follows: Dynamic problems of production: Economic growth is measured by the change in national output over a period. Economics is concerned with determining the method of utilising the scarce resources to produce commodities over a period .

Answer 2

Answer:

like Robinson also emphasizes the problem of resources in unlimited want the problem of causative of resources not Meridian confined to the present well also the future wants are unlimited birthday resources are limited and we have to uses by the alternative uses and we have to make a child between the two resources which is more official and more that can more satisfied to us and you should definition of economic is to include the consumption production exchange distribution and economic growth