wants, only a few of which have to be chosen to be fulfill
that are available. These scarce resources too have alternative uses.
Which definition of economics is the most acceptable and why? Explain.
Ans. The definition put forwarded by Lionel Robbins is universally accepted and man
2.
have
This definition is also called the
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Explanation:
Scarcity Definition was given by Prof. Lionel Robbins
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