Brief of the modern definitions  The ROBBINS AND SAMULSONS DEFINI – InterviewSolution

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1.	Brief of the modern definitions  The ROBBINS AND SAMULSONS DEFINITIONS  Superiority of THE SAMUELSON’S DEFINITION  Main features of both definitions How these concepts are used in explaining the central problems
Answer» In his LANDMARK ESSAY on the nature of economics, Lionel Robbins defined economics as. “the science which studies HUMAN BEHAVIOUR as a relationship between ends and scarce means which have alternative uses” (Robbins, 1935, p.

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