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Karo-lina-s [1.5K]
3 years ago
15

Critically explain Robbins definition of economics?​

Business
1 answer:
arlik [135]3 years ago
4 0

Answer:

In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”

Explanation:

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Answer:

a. Incremental costs = (Direct materials + Direct labor) * 20%

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Answer:

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Societies make choices on what to produce with the available resource. In every decision, there is a sacrifice to be made.

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Select the correct answer.
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