PRC-3 · Chapter 9 · Question 31 of 45
Which economist is famous for defining economics as the science studying human behavior as a relationship between 'ends' and 'scarce means which have alternative uses'?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Lionel Robbins
Explanation
Lionel Robbins formulated the highly influential scarcity definition of economics in 1932, focusing on unlimited wants ('ends') versus limited resources ('scarce means').
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