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  • Fundamentals of Economics
  • The definition of scarcity in economics was given by
Multiple choice

The definition of scarcity in economics was given by

  1. Adam Smith

  2. Marshall

  3. Robbins

  4. Robertson

  5. Keynes

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C Correct answer
Explanation

He is known for his proposed definition of economics, and for his instrumental efforts in shifting Anglo-Saxon economics from its Marshallian direction.

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