Economy, asked by dhwanika28, 9 months ago

definition of economics by Adam Smith

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Answered by tannigang

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'.

Explanation:

Mark as branilist

Answered by chantibrahmaiah7

Answer:

In the book Adam Smith defined economics as a Science of Wealth. ... According to J.B Say Economics is the science which treats wealth. F.A Walker made it clear that economics is that body of knowledge which relates to wealth

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