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Which one of the following definition of Economics is associated with the name of Lionel Robbins?

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Question:

Which one of the following definition of Economics is associated with the name of Lionel Robbins?

A.

Welfare definition

B.

Scarcity definition

C.

Growth definition

D.

Wealth definition

Answer» b. Scarcity definition

Note: The above multiple-choice question is for all general and Competitive Exams in India.