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    3. Agriculture
    4. Agri economics
    5. Economics is the study of the administration of scarce resources and the determinants of employment

    Question

    Economics is the study of the administration of scarce

    resources and the determinants of employment and income.” Definition of Economics was given by:
    A J.M Keynes Correct Answer Incorrect Answer
    B Alfred Marshall Correct Answer Incorrect Answer
    C Lionel Robbins Correct Answer Incorrect Answer
    D Adam smith Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Lord Keynes defined economics as ‘the study of the administration of scarce means and the determinants of employment and income”.

    Practice Next
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