Home / Aptitude Tests / Economics / Economics is a scien...

Economics is a science which studies human behaviours as ...

Economics is a science which studies human behaviours as a relationship between ends and scarce means which have alternative uses. 'Ends' here refers to

A.

Resource

B.

Wants

C.

Choice

D.

Output

E.

Factors

Correct answer is B

One of the many definitions of Economics states “Economics is a science that studies the human behaviour as a relation between unlimited ends and the limited means.

Ends = the human needs/wants. 
Means = resources.