Economy, asked by megtamang05, 5 hours ago

why Robbin's definition is regarded as superior?​

Answers

Answered by sunitamishra4
1

It is because…

Robbin's definition of economics is considered as more scientific and analytical definition than that of Marshall's definition because it is far from classificatory. Marshall's definition is classificatory into material and non-material welfare, economic and non-economic activities. Universal Application.

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Answered by Danie30
0

Answer:

Robbins' definition of economics is not classificatory but scientific and analytical. Adam Smith divided man into economic and non-economic and Marshall classified human activities into two parts; material and non-material. So, Robbins definition is more scientific and analytical.

2) Universal application:

Robbins' definition is applicable to small and large society. It is applicable to both planned and unplanned economies. It is also applicable to the capitalist economy as well as the socialist economy. So it is universally applicable.

Explanation:

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