Why is 'Robbin'definition of economic is also called the definition of scarcity
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by Lionel Robbins................
1.economic is a positive science.
2.it is the study of human behavior.
3.human wants are limited.
4.resources are limited.
..............so it is called as definition of scarcity......
1.economic is a positive science.
2.it is the study of human behavior.
3.human wants are limited.
4.resources are limited.
..............so it is called as definition of scarcity......
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