Economics · Introduction to Economics
Lionel Robbins defined economics as a science that studies human behavior as a relationship between ends and scarce means. His definition belongs to which of the following categories?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Wealth-centric definition
- 2Scarcity-centric definition✓
- 3Welfare-centric definition
- 4Growth-centric definition
Correct answer
Scarcity-centric definition
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