Question

Economic is the science of wealth critically examine this statement

Answer 1

Explanation:

Pioneers of the science of economics defined it as a science of wealth. Adam Smith, who is known as father of economics, named his famous book on economics as “An Enquiry into the Nature and Causes of the Wealth of Nations.”

Answer 2

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.