Economy, asked by thaparoji289, 1 month ago

Critically explain Adam Smith's definition of economics

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Answered by WintaeBearTATA

Answer:

Adam Smith stated, “Economics is concerned with an enquiry into the nature and causes of wealth of nations, and it is related to the laws of production, exchange, distribution and consumption of wealth.” The central point of his definition is 'wealth'.

Answered by Mbappe007

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