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Economics is the branch of social science that deals with production and its distribution and consumption of goods and services and their management.
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Economics is what economists articulate. Broadly speaking, it deals with production, distribution, exchange and consumption of goods and services within budget constraints, and increase in welfare through growth and stability.
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L. Robins = Economics is the science which studies human behaviours as a relationship between ends scarcs means which have alternative uses.
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Economics is a science which studies human behaviour as relationship between ends and scarce which has alternative uses.
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answered 3 months ago
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