Encyclopaedic Dictionary of Economics (Volume 1 to 5)
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Author
Edition
1st ed.
Publisher
ISBN
8183421645
Length
1424p.
Subjects
Economics is the social science that studies the production, distribution, and consumption of goods and services. A definition that captures much of modern economics is that of Lionel Robbins: "The science which studies human behaviour as a relationship between ends and scarce means which have alternative uses". Scarcity means that available resources are insufficient to satisfy all wants and needs. Absent scarcity and alternative uses of available ...