defintion of economics by different economists

adam smith

an inquiry into the nature and causes of the wealth of nations

J.S.Mill

saw economics as the practical science of the production and distribution of wealth

A. marshall

the study of mankind in the ordinary business of life

george bach

economics is the study of how our scarce productive resources are used to satisfy human wants

campbell Mcconnell

economics is concerned with the efficient use or management of limited productive resources to achieve maximum satisfaction of human material wants

richard lipsey

the study of the use of scarce resources to satisfy unlimeted human wants

james kearl

the study of how individuals and groups of individuals respond to and deal with scarcity

paul samuelson

the study of how societies use scarce resources to produce valuable commodities and nd distribute them among different people

joseph stiglitz

the study of how individuals, firms, governments and othe organizations withion our society make choices and how those choices determine how the resources of society are used

L Robbins

a science which studies human behavior as a relationship with ends and scarce means which has alternative uses