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Year :
1988
Title :
Economics
Paper 1 | Objectives
#
Question
Ans
1.
'Economics is a science which studies human behaviours as a relationship between ends and scarce means which have alternative uses. 'Ends' her refers to
One of the many definitions of Economics states “Economics is a science that studies the human behaviour as a relation between unlimited ends and the limited means. Ends = the human needs/wants. Means = resources.