What is economics? in 2023
Definitions of Economics Economist Definitions of Economics George Bernard Shaw The economy is the art of making the most of life. Alfred Marshall Economics is the study of mankind in the ordinary business of life. Lionel Robbins Economics is the science that studies human behaviour as a relationship between ends and scarce means that have alternative uses. John Maynard Keynes The theory of economics is a method rather than a doctrine, an apparatus of mind, a technique of thinking, which helps its possessor draw correct conclusions. Richard Lipsey Economics is the study of the use of scarce resources to satisfy …