Economics is a science which studies human behaviour in ordinary business of life, it examines that part of individual action which is
most closely connected with the attainment and with the use of material requisite of well being. 
These are the important points of definition.
1)Ordinary Business of Life
2)Analysis of Economic Activities
3)Attainment and the Use of Material Requisite
4)Well Being or Welfare of Society
Criticism:
The point of his criticism are as follows:
1-It limits the scope of Economics.
2-Material requisite which do not promote welfare are excluded.
3-Welfare is not measurable concept.
4-Problems in policy
making.
This information is taken from the book of Economics written by Abdul Haleem Khawja.
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