Definitions of Economics

Definitions of Economics

Paul Samuelson, Nobel laureate in Economics in 1970, defines economics as the study of how a person or society meets its unlimited needs and wants through the effective allocation of resources.

There are other definitions of economics. Here are some:

- Economics is a science that deals with the study of the production and distribution of a country's resources.

-   Economics is a social science that deals with the study of the utilization of a country's natural resources.

-   Economics is a social science that deals with the study of how people can be influenced by the economic system around them. For example, if the price of certain commodity goes up, people will try to conserve that commodity or buy something that costs less.

-   " Economics is the study of mankind in the ordinary business of life; it examines that part of an individual and social action which is most closely connected to the attainment of and the use of the material requisites of well-being."—Alfred Marshall, British economist

-   " Economics is a science that deals with the study of human behavior as a relationship between ends and scarce means which have alternative uses."—Lionel Robbins, British economist

More by this Author


Comments 138 comments

Mirza Imran Yousaf 6 years ago

whose the other of this site i am very thank full to u man v v v thx to share this information


stanley uzoho 6 years ago

i want 10 authors of economics and their definitions


Ndackson Emmanuel Atuma 6 years ago

This informations is very useful and should be encourage.


deshi 6 years ago

very useful info


ayesha 6 years ago

very good definitions


bakree 6 years ago

i incourage it . good work


rizwan alexander 6 years ago

superb initiative . welldone also well meant, so it is bambar(wow).


inshaf 6 years ago

very useful definitions


HIRA.M 6 years ago

This is very useful info but i want more definition of different authors.


asif afridi 6 years ago

first of all thanks for that to provide some information about economics but thats not enough there is need of more defination .


dacely 6 years ago

thnx for this ! it helped me a lot :)


BOBO 6 years ago

ULOL


lhai mhe 6 years ago

ahekek..^^ Nyz.. it helps me lot..^__^


lhai mhe 6 years ago

ahekek..^^ Nyz.. it helps me lot..^__^


keneth orosco 6 years ago

thanks 4 the info.it helps me a lot.i have now a homerwork................


EDWARD BANNOR 6 years ago

I need ten different definitions of economics


achel 6 years ago

ur definitions was very resourceful for me as a student.. i need some definition of economics by different authors..


deepthi(khm) 6 years ago

super definition acutally it is very useful to me


prema 6 years ago

Prefer definitons by people of the present age. More modern definitions


Naveen 6 years ago

i need some definition of economics by different authors..


tessy 6 years ago

i need 10 definition of economics by different author and the year


D1 6 years ago

thanks a lot for your definitions


harry 6 years ago

a perfect definitions!


Abhi krati Shukla 6 years ago

Economics ek bakvas subject he agar aap apni jaan ki raksha chahte he to is se door rahe


abc 6 years ago

i want 6 other definitions and the authours


frederick 6 years ago

u guys are doing great


godfred 6 years ago

kindly help me find 7 other definitions on economics ,their authors


damoah 6 years ago

quality info


STANLEY UZOHO 6 years ago

I want 10 authors of economics and definitions


Benjamin Tetteh 6 years ago

I was filled with joy when I discovered it the first time.


Jordaaaa 5 years ago

Awesome :)


Abdurahman.Puthanazhi 5 years ago

It is very useful contribution


oyinbrakemi Amgbare 5 years ago

I need 10 authors of economics with their definations and their year.


joch 5 years ago

its so gud !! :))


Adams Smith 5 years ago

pls write 20 not 1 definition of economics


dimsum 5 years ago

tnx a lot


Sadiq 5 years ago

It's really and honestly significant


M BNARAS ALI 5 years ago

paul simuleson and lord keynes were great economist.There CONTRIBUTION IN ECONOMICS IS VERY GREAT.


samuel 5 years ago

i needed more of the definitions


wahab saheed 5 years ago

please i want 10 definition of Economics and their Authors


Favour king 5 years ago

Thanks a whole lot.please i need 10 more definations of economics and their authors


shyam dhar mishra 5 years ago

super definition acutally it is very useful to me


uchenna 5 years ago

i want 100 definitions of economics


Grace 5 years ago

please i want 10 definition of Economics and their Authors


zen dandally 5 years ago

i want P.A. Samuelson's definition and its critical examination please sent me.


daucks mchywa 5 years ago

i need references{sources}


Samuel 5 years ago

I need authors of all definitions


hhh 5 years ago

good


artheha 5 years ago

i found the definitions very useful...thank you for posting them.


lyn2 landiao 5 years ago

your definitions is very clear but I need 1o definition of Economics and different Authors.


cheche 5 years ago

i need 10 definition and its author so it can help me in my assignment..thankz


heart breaker 5 years ago

tnx to the defnations.... it help me a lot...,.,.,jaraaaaahhhh...,./,...iscachtefffeeee....daahhh what eveeeeeerrrrr.,.,.,;


cram tinkaw 5 years ago

tnx alot it help me to my assignment.........


blabla 5 years ago

This helps!


wowowww 5 years ago

it really helps


tanvi damania 5 years ago

dats nt enough clear defination with author name. thnx 4 gvng dis mch information


naveed alam  5 years ago

plz write 10 more definition these or not engough


elona 5 years ago

plz more definition of econamics plz these is not enough


Jerushah 5 years ago

thanks for these definitions I am indeed very grateful


Okpor Kenneth 5 years ago

Thanks so much for the definitions but you should try to put more definitions of economics


GEETHA 5 years ago

GOOD SERVICE.THANK YOU


DESIRE 5 years ago

i like the defination of lionel robbins but add more of his defination like in divition of labour.


meghna shah 5 years ago

pls try to put more defination


aaaaaaaaaaaaa 5 years ago

really guys its too boring subject..................


duzz 5 years ago

asdas


OLADOKUN BOLA ROFIAT 5 years ago

TANKS FOR THE DEFINITIONS.IT REALLY HELPED ME...IMAO


welly 5 years ago

self explanatory for beginners


OLATOYE 5 years ago

ITS HELPS A LOT,pls can u include their authors.it would assist us to get the exert ECONOMIST.


N.MANIKANDAN B.COM (NGM) 5 years ago

I LIKE THIS DEFINITION


N.MANIKANDAN B.COM (NGM) 5 years ago

I LIKE THIS DEFINITION


AUSTIN 5 years ago

this is great

austin


Amit arija 5 years ago

thnks for such info abt economics bt still need more content on it


GAYATRI 5 years ago

GIVE MAIN DEMERITS OF MONEY.


Nimesh Pandya Rajasthan 5 years ago

Really good defination


syed fayaz hussain 5 years ago

ya all of the definitions are very good and very essentail for us thanks.


shubham chaudhary 5 years ago

yes all definitions are very very good.............


iqra munir 5 years ago

great !! =)


Sikandar Hussain 5 years ago

there must explanation of defination....thanks


sara 5 years ago

very athentic and good


6tandra9 5 years ago

its nice , its really helpful.


peace king 5 years ago

definition of economics by ten author.


sammyphoenixx 5 years ago

I need ten more different definitions of economics by different authors


Solomon stella mirian k 5 years ago

Thanks for giving me the paul samuelson definition of economics,i am greatful.


new folder 5 years ago

HubPagessign instart a new Hubmy accountjoinhelpHomeTopicsHubsAnswersHubbersForums All TopicsPolitics and Social IssuesEconomy and Government Definitions of Economics Definitions of Economics70

rate or flag this pageBy hotbabefatchicks

Definitions of Economics

Paul Samuelson, Nobel laureate in Economics in 1970, defines economics as the study of how a person or society meets its unlimited needs and wants through the effective allocation of resources.

There are other definitions of economics. Here are some:

- Economics is a science that deals with the study of the production and distribution of a country's resources.

- Economics is a social science that deals with the study of the utilization of a country's natural resources.

- Economics is a social science that deals with the study of how people can be influenced by the economic system around them. For example, if the price of certain commodity goes up, people will try to conserve that commodity or buy something that costs less.

- " Economics is the study of mankind in the ordinary business of life; it examines that part of an individual and social action which is most closely connected to the attainment of and the use of the material requisites of well-being."—Alfred Marshall, British economist

- " Economics is a science that deals with the study of human behavior as a relationship between ends and scarce means which have alternative uses."—Lionel Robbins, British economist

vote upvote downsharePrintflag

Was this Hub ...? Useful (62)Funny (16)Awesome (14)Beautiful (13)Interesting (6)CommentsFollow (1)

Mirza Imran Yousaf 20 months ago

whose the other of this site i am very thank full to u man v v v thx to share this information

stanley uzoho 19 months ago

i want 10 authors of economics and their definitions

Ndackson Emmanuel Atuma 19 months ago

This informations is very useful and should be encourage.

deshi 19 months ago

very useful info

ayesha 19 months ago

very good definitions

bakree 18 months ago

i incourage it . good work

rizwan alexander 18 months ago

superb initiative . welldone also well meant, so it is bambar(wow).

inshaf 16 months ago

very useful definitions

HIRA.M 16 months ago

This is very useful info but i want more definition of different authors.

asif afridi 15 months ago

first of all thanks for that to provide some information about economics but that's not enough there is need of more defination .

dacely 15 months ago

thnx for this ! it helped me a lot :)

BOBO 15 months ago

ULOL

lhai mhe 15 months ago

ahekek..^^ Nyz.. it helps me lot..^__^

lhai mhe 15 months ago

ahekek..^^ Nyz.. it helps me lot..^__^

keneth orosco 15 months ago

thanks 4 the info.it helps me a lot.i have now a homerwork................

EDWARD BANNOR 15 months ago

I need ten different definitions of economics

achel 15 months ago

ur definitions was very resourceful for me as a student.. i need some definition of economics by different authors..

deepthi(khm) 15 months ago

super definition acutally it is very useful to me

prema 14 months ago

Prefer definitons by people of the present age. More modern definitions

Naveen 14 months ago

i need some definition of economics by different authors..

tessy 14 months ago

i need 10 definition of economics by different author and the year

D1 13 months ago

thanks a lot for your definitions

harry 13 months ago

a perfect definitions!

Abhi krati Shukla 12 months ago

Economics ek bakvas subject he agar aap apni jaan ki raksha chahte he to is se door rahe

abc 12 months ago

i want 6 other definitions and the authours

frederick 12 months ago

u guys are doing great

godfred 12 months ago

kindly help me find 7 other definitions on economics ,their authors

damoah 12 months ago

quality info

STANLEY UZOHO 12 months ago

I want 10 authors of economics and definitions

Benjamin Tetteh 12 months ago

I was filled with joy when I discovered it the first time.

Jordaaaa 11 months ago

Awesome :)

Abdurahman.Puthanazhi 11 months ago

It is very useful contribution

oyinbrakemi Amgbare 10 months ago

I need 10 authors of economics with their definations and their year.

joch 10 months ago

its so gud !! :))

Adams Smith 9 months ago

pls write 20 not 1 definition of economics

dimsum 9 months ago

tnx a lot

Sadiq 9 months ago

It's really and honestly significant

M BNARAS ALI 8 months ago

paul simuleson and lord keynes were great economist.There CONTRIBUTION IN ECONOMICS IS VERY GREAT.

samuel 7 months ago

i needed more of the definitions

wahab saheed 7 months ago

please i want 10 definition of Economics and their Authors

Favour king 7 months ago

Thanks a whole lot.please i need 10 more definations of economics and their authors

shyam dhar mishra 7 months ago

super definition acutally it is very useful to me

uchenna 6 months ago

i want 100 definitions of economics

Grace 6 months ago

please i want 10 definition of Economics and their Authors

zen dandally 6 months ago

i want P.A. Samuelson's definition and its critical examination please sent me.

daucks mchywa 6 months ago

i need references{sources}

Samuel 4 months ago

I need authors of all definitions

hhh 3 months ago

good

artheha 3 months ago

i found the definitions very useful...thank you for posting them.

lyn2 landiao 3 months ago

your definitions is very clear but I need 1o definition of Economics and different Authors.

cheche 3 months ago

i need 10 definition and its author so it can help me in my assignment..thankz

heart breaker 3 months ago

tnx to the defnations.... it help me a lot...,.,.,jaraaaaahhhh...,./,...iscachtefffeeee....daahhh what eveeeeeerrrrr.,.,.,;

cram tinkaw 3 months ago

tnx a lot it help me to my assignment.........

blabla 3 months ago

This helps!

wowowww 3 months ago

it really helps

tanvi damania 3 months ago

dats nt enough clear defination with author name. thnx 4 gvng dis mch information

naveed alam 3 months ago

plz write 10 more definition these or not engough

elona 3 months ago

plz more definition of econamics plz these is not enough

Jerushah 2 months ago

thanks for these definitions I am indeed very grateful

Okpor Kenneth 2 months ago

Thanks so much for the definitions but you should try to put more definitions of economics

GEETHA 2 months ago

GOOD SERVICE.THANK YOU

DESIRE 8 weeks ago

i like the defination of lionel robbins but add more of his defination like in divition of labour.

meghna shah 5 weeks ago

pls try to put more defination

aaaaaaaaaaaaa 5 weeks ago

really guys its too boring subject..................

duzz 4 weeks ago

asdas

OLADOKUN BOLA ROFIAT 4 weeks ago

TANKS FOR THE DEFINITIONS.IT REALLY HELPED ME...IMAO

welly 3 weeks ago

self explanatory for beginners

OLATOYE 3 weeks ago

ITS HELPS A LOT,pls can u include their authors.it would assist us to get the exert ECONOMIST.

N.MANIKANDAN B.COM (NGM) 3 weeks ago

I LIKE THIS DEFINITION

N.MANIKANDAN B.COM (NGM) 3 weeks ago

I LIKE THIS DEFINITION

AUSTIN 3 weeks ago

this is great

austin

Amit arija 2 weeks ago

thnks for such info abt economics bt still need more content on it

GAYATRI 2 weeks ago

GIVE MAIN DEMERITS OF MONEY.

Nimesh Pandya Rajasthan 2 weeks ago

Really good defination

syed fayaz hussain 2 weeks ago

ya all of the definitions are very good and very essentail for us thanks.

shubham chaudhary 5 days ago

yes all definitions are very very good.............

iqra munir 4 days ago

great !! =)

Sikandar Hussain 4 days ago

there must explanation of defination....thanks

sara 3 days ago

very athentic and good

6tandra9 3 days ago

its nice , its really helpful.

peace king 42 hours ago

definition of economics by ten author.

sammyphoenixx 26 hours ago

I need ten more different definitions of economics by different authors

Solomon stella mirian k 21 hours ago

Thanks for giving me the paul samuelson definition of economics,i am greatful.


Olapade eniola elizabeth 5 years ago

Very wonderful defination.mostly the one by ALFRED MARSHALL.it really help me a lot.but i need more.tanx, god bless u


Abasco 5 years ago

Ineed15definitionsofeconomicwithdiferentauthors


SAIMA ABDUL MALIK 5 years ago

I LIKE THESE DEFINATIONS VERY MUCH SPECIALLY THE DEFINATION OF ROBBINS BUT I NEED SOME MORE DEFINATIONS


Memo 4 years ago

very nice work , Keepit up


rabia 4 years ago

u all are dull.


azeez nurudeen 4 years ago

5 definitions of economics and their author


honey 4 years ago

very nice definitions


Soyinka Daniel 4 years ago

I NEED 30 GOOD DEFINITIONS OF ECONONOMICS APART FROM THIS GOOD DEFINITIONS


Maxwell Mante 4 years ago

Thanks for the definition of that of Paul Samuelson


Ewuga joshua 4 years ago

Tanx 4 d difinatons u guy ar great


Ejioye Adedotun martins 4rm K.C 4 years ago

i need 10 more definitions of economics


BLESSING 4 years ago

Very Educative


Mma 4 years ago

10 other definitions of economics and the author


Mma 4 years ago

10 other definitions of economics and the author


Obinna felix 4 years ago

Gud work 4rm u guys, bt we also nid the year to each definition and the author


imran sohil 4 years ago

how economics originate?


tzeez 4 years ago

Thanks for your definition but we still need atleast ten (10) good definitions and d name of d authors


Pastor Clement Izekor 4 years ago

Thank you. I need more twenty of these good dfinitions and their authors


Ally folashade 4 years ago

Dis is lovely buh i need more definations.


kemlight 4 years ago

pls i need ten definition of economics with their author. And classified them, some into classical and goe classical


Disu kunle oyebola 4 years ago

Dis is vry interesting. .i love it


Daobu ibi-ilate 4 years ago

I need ten definition of economics and their authors


Gift 4 years ago

I love this definitions but i need more n there author


titusco 4 years ago

plz wen posting d definition of economics plz also add d authors n d year, bt i love d subject, plz r rivpoly student b careful with d way u talk on line, nt bcuse dey give u assignment on it, u will noun b mking stupide conment


prosper joseph 4 years ago

I want 10 authors of classical economics definition


samina kausar 4 years ago

very goooood.........


Adamu 4 years ago

Economics


Longjohn 4 years ago

I need 10 different authors nd their definition in economic


Godswill 4 years ago

Please i need 20 definitions of economics and their authors


Gift 4 years ago

I want 10 more definitions of economics and their authours


grace 4 years ago

i want 10 definitions of economics their authors and year


Angela Ananaba 4 years ago

Am very indeed greatful for the definations of economic.


GABRIEL MICHAEL 4 years ago

GREAT DEFINITIONS I WOULD LOVE MORE TO BE ONLINE.


Matthew Godfrey 4 years ago

I want 20 definition of economics,their authors and date


Bello Odunayo 4 years ago

This is a usefull information, but i need at list five definations and authors thanks.


Tolulope Agbaje 4 years ago

please i want 20 different definitions of economics


Devi...... 4 years ago

I want to know very important definition 4 economics


zakeen 4 years ago

nice information about economics


DR.DURAID 4 years ago

it's nice difinition i have also one i'll presente it The study of how man and society choose, with or without the use of money, to  employ scarce production resources to produce various commodities over time  and distribute them for consumption, now and in the future, among people


Tariq jumani 4 years ago

Thanks for these difinitions ......keep it up


mankulu 4 years ago

please i need about 30 definitions of economics


uglym 4 years ago

thanks to the defination it help mi very much22222222222GOD BLESS


orlando 4 years ago

that's really help me!

because of that i learn many things!!


heuroz 4 years ago

give 10 difinition of economics given by diferent writer and author


jeralyn viado 4 years ago

need some other definition of economics and the authors .


shittu saidi 4 years ago

understanding economics help individuals and societies a lot...


sunday nwankwo 3 years ago

pls i want 10 more definition bcos it really help me thank u Mr Lionel Robbins


charity clarenu 3 years ago

thanks for all the definitions from different authors most especially lionel robin.but i still want 6 definitions of economics by others authors


king success 3 years ago

thanks for the knowledge you given to me about Economics, i wish you will give me more thank you.


tyncspeeree 3 years ago

Hey guys just wanted to tell you all about my new blog, its all about how to make money fast, so if you have 2 minuites have a quick read and tell me what you think. you could try here


jelian 2 years ago

I need some different definition of economics and by author


Aliyu Uthman 17 months ago

Its great but would appreciate the names of the scholars. Thanks.


brandy 7 months ago

pls i ned ten different difinition of ecmomics and not from dis sam people


DoveFreexrolo 7 months ago

Japanese Gardens ?Although the gardens are technically in Fort Worth, Texas, it

    Sign in or sign up and post using a HubPages Network account.

    0 of 8192 characters used
    Post Comment

    No HTML is allowed in comments, but URLs will be hyperlinked. Comments are not for promoting your articles or other sites.


    Click to Rate This Article
    working