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What is the object of the study of economics?

Updated: 4/28/2022

Wiki User

∙ 14y ago

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The object of economics, according to J.S. Mill, is that sphere of man's action that is involved in the pursuit of wealth. However, Lionel Robbins supplanted this definition of economic sciences by arguing that, "Economics is the science which studies human behavior as a relationship between given ends and scarce means which have alternative uses"

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∙ 14y ago

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Continue Learning about Economics

The study of economics is primarily concerned with?

choices

What does the study of economics include?

Economics is the study of wealth and its distribution.

Why is it necessary to study economics?

Because Economics is a Study of Body of Knowledge.

What is the study of economics an important exercise?

why is the study of economics an important exercise

How does the study of economics depend upon the phenomenon of scarcity?

Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi

Related questions

The study of economics is primarily concerned with?

choices

What does the study of economics include?

Economics is the study of wealth and its distribution.

Why is it necessary to study economics?

Because Economics is a Study of Body of Knowledge.

What is the study of economics an important exercise?

why is the study of economics an important exercise

What is study of economics called?

It is called economics

What the study of how wealth is created and distributed?

Economics

How schould my study in economics?

In economics you will study how to work in the financial districts and learn how to manage money.

How long have we had the study of economics?

but the study of economics dates back only a few hundred years.

How does the study of economics depend upon the phenomenon of scarcity?

Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi

Is study of economics necessary in a situation of abundant resources?

is the study of Economics necessary in a situation of abundant

What part of economics is involved in the study of economics?

Micheal Jackson

What is the definition of Adam smith about economics?

economics is the study of wealth

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