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Alfred Marshall defines Economics as, "The science which studies human behaviour as a relationship between ends and scarce means, which have an alternative use."

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Comparison between Alfred marshall and robin's definition of economics?

The comparism between the definition of economics given by Alfred Marshall & Robbins is that it both studies human behaviors.


What is difference between Adam smith and Alfred Marshall on economics definition?

Marshall and Robbins have defined Economics in different ways but there are some similarities and differences between there definition which are mention below Similarities 1 Study of human activities Both Marshall and Robbins have given the primary place to human beings,both have ignored important of wealth and stressed in the human activities. 2 Wealth and scarce means There is no fundamental difference between wealth and scarce means.Robbins used the words scarce means and Marshall used the word wealth which signify the same meaning because in economics wealth includes only those items that are limited all scarce to fulfill the unlimited desires. 3 Maximum welfare and Maximum Satisfaction Marshall's definition reverse to the utilization of wealth for the promotion of maximum welfare and Robbin's definition referred to the utilization of scarce means for the maximum satisfaction therefore both their definitions signify the same meaning. 4 Human Behaviors Marshall's definition has studies the human social behavior whereas Robbin's definition definition has studies all types of human behavior therefore both definitions has studied the human behavior.


What is Marshall's definition of labor?

Marshall defines labor as, "any exertion of mind or body undergone partly or wholly with a view to reach some goods other than the pleasure derived directly from the work."


What are the merits of definition of economics given by robbins?

merits and demerits by robbin defination


What is the definition of budget in economics?

A budget line is a line showing the alternative combinations of any two goods that a consumer can afford at given prices for the goods and a given level of income.

Related Questions

Comparison between Alfred marshall and robin's definition of economics?

The comparism between the definition of economics given by Alfred Marshall & Robbins is that it both studies human behaviors.


The definition of citizenship by TH marshall?

Citizenship as defined by TH Marshall is full membership of a community. Marshall's theory was developed in 1950 after his essay, Citizenship and Social Class.


What is difference between Adam smith and Alfred Marshall on economics definition?

Marshall and Robbins have defined Economics in different ways but there are some similarities and differences between there definition which are mention below Similarities 1 Study of human activities Both Marshall and Robbins have given the primary place to human beings,both have ignored important of wealth and stressed in the human activities. 2 Wealth and scarce means There is no fundamental difference between wealth and scarce means.Robbins used the words scarce means and Marshall used the word wealth which signify the same meaning because in economics wealth includes only those items that are limited all scarce to fulfill the unlimited desires. 3 Maximum welfare and Maximum Satisfaction Marshall's definition reverse to the utilization of wealth for the promotion of maximum welfare and Robbin's definition referred to the utilization of scarce means for the maximum satisfaction therefore both their definitions signify the same meaning. 4 Human Behaviors Marshall's definition has studies the human social behavior whereas Robbin's definition definition has studies all types of human behavior therefore both definitions has studied the human behavior.


What is eminems given name?

Marshall Mathers. Hence, M n M.


What is the definition of favorites?

People who are given advantages.


Where does the name marshall come from?

The definition of Marshal originaly came from the Greek language, meaning 'Huge weener'


What is the definition of national theory?

The national theory refers to the definition of a given nation based on its values.


What is Marshall's definition of labor?

Marshall defines labor as, "any exertion of mind or body undergone partly or wholly with a view to reach some goods other than the pleasure derived directly from the work."


What is the definition of counterpoint?

Melody added as an accompaniment to a given melody.


What is the definition of 'lecherous'?

Definition: lustful, lewd; given to excessive indulgence in sexual activity. Taken from Answers.com Viper1


What is a Reich Marshall?

The Reich Marshall was the title given to Field Marshall Herman Goring by Hitler to basically give him a higher military rank to the other field marshals at that time which was 1940. This title made him the senior field marshal outranking them all.


What The forest has the highest biodiversity compared to other terrestrial ecosystem what is the definition could be given?

when the highest biodiversity compared to other terrestrial ecosystem.when i defined biodiversity to the group. what is the definition could i given?