Economy

"The study of general methods by which men co-operate to meet their material needs" (Sir William Beveridge); "the study of mankind in the ordinary business of life" (Marshall);"a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses" (L. Robbins); "Economics investigates the arrangements between agents each tending to his own maximum utility" (Edgeworth).



Rutherford, D. (1992). Dictionary of Economics. London:Routledge.