3 Questions
According to Robbins, what is the basis of his definition of Economics?
Scarcity
What does Robbins' definition of Economics emphasize?
Allocation of scarce resources
What does the statement 'Human wants are unlimited' imply?
There is no end to the desires of people
Test your knowledge of key economic concepts with this quiz on Robbins' definition of Economics and the concept of unlimited human wants. See how well you understand these fundamental principles of economics through a series of thought-provoking questions.
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