Question

"Economic is a science of wealth". what does this imply?​

Answer 1

Answer:

Pioneers of the science of economics defined it as a science of wealth. ... Thus, according to Adam Smith, economics enquires into the factors that determine wealth of the country and its growth. In this book Adam Smith analyses the factors that determine the growth of the volume of production.

Explanation:

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Answer 2

Answer:

Wealth is an accumulation of valuable economic resources that can be measured in terms of either real goods or money value. ... The concept of wealth is usually applied only to scarce economic goods; goods that are abundant and free for everyone provide no basis for relative comparisons across individuals.