definition of economics wealth oriented definition by Adam Smith
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Adam Smith defined economics as 'Science of Wealth'. The main features of Adam Smith's wealth-oriented definition are as follow:- (i) Study of Wealth. (ii) Only Material Commodities. (iii) Stress on wealth.
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Adams Smith define economic as "science of wealth". the the main features of Adam Smith's wealth-oriented definition are as follow:-
- study of wealth
- only material commodities
- stress on wealth
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