Economy, asked by BTSARMYvminkook, 2 months ago

critically examine the wealth definition of economics .

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and answer only if u know .

Answers

Answered by Rose3619

Answer:

In Adam Smith's wealth-oriented definition the meaning of wealth is restricted. Only material goods were considered as wealth. Non-material goods like services of doctors, lawyers and teachers were not considered as wealth. This restricted meaning of wealth has restricted the scope of study of economics.

Answered by falakbherwani

Answer:

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