Economy, asked by jutikajamatia, 9 months ago

which definition of economics is the best ? Give reason in support of your answer​

Answers

Answered by khushiupadhyay16
12

Answer:

economic is the social science that deals with production & consumption of goods and services.

Explanation:

in this generation people want to produce more and more goods and consumer want to consume more goods so this definition is best.

Answered by lakshita22bharti
5

Answer:

Definitions

Economy is the art of making most of life.

- George Bernard Shaw

Economics is the study of mankind in the ordinary business of life.

- Alfred Marshall

Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.

- Lionel Robbins

Economics comes in whenever more of one thing means less of another.

- Fritz Machlup

The theory of economics is a method rather than a doctrine, an apparatus of mind, a technique of thinking, which helps its possessor to draw correct conclusions.

- John Maynard Keynes

Economics is the study of the use of scarce resources to satisfy unlimited human wants.

- Richard Lipsey

economic is the social science that deals with production & consumption of goods and services.

Explanation:

in this generation people want to produce more and more goods and consumer want to consume more goods so this definition is best.

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