Question:medium

How does Robbins define Economics?

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Robbins (1932) defined economics around scarce means with alternative uses, not welfare.
Updated On: Sep 23, 2026
  • Science of market
  • Science of business
  • Science of life
  • Science of scarcity
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The Correct Option is D

Solution and Explanation

Step 1: Recall the two rival definitions:
Marshall (welfare-based) said economics studies mankind in the ordinary business of life; Robbins (scarcity-based) rejected the welfare criterion and focused purely on the logic of choice.

Step 2: Identify Robbins's key words:
His definition rests on three ideas: unlimited ends (wants), scarce means (resources) that have alternative uses, and the need to choose between competing ends.

Step 3: Match to the options:
Only "Science of scarcity" captures this ends-means-choice relationship; the other three options describe markets, business, or general life, none of which is Robbins's actual criterion.

Final Answer:
Option D, Science of scarcity.
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