The definition of economics as 'the science which studies human behaviuor as a relationship between ends and scarce means which have alternative uses' was g...
The definition of economics as 'the science which studies human behaviuor as a relationship between ends and scarce means which have alternative uses' was given by
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The definition of economics as "the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses" was given by Lionel Robbins. Lionel Robbins was a British economist who lived between 1898 and 1984. He was one of the leading figures in the development of economics as a science in the 20th century. He is best known for his book "An Essay on the Nature and Significance of Economic Science," in which he defined economics in the above-mentioned way. His definition emphasizes the importance of scarcity in economics and the need for individuals and societies to make choices among alternative uses of limited resources.