"As a science of scarcity and choice, economics studies human behaviour and relationship between ends and means." What do "ends" and "scare means" imply here?

Nikita Chetry
Latest Answer: 1 week ago
In: Commerce

"As a science of scarcity and choice, economics studies human behaviour and relationship between ends and means." What do "ends" and "scare means" imply here?

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1 Answers

Answered By Anita Sahani
Answer: 1 week ago

Here "ends" implies "wants" and "scare means" implies "limited resources".

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