Explain the definition of economics as given by Kautilya.
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Explanation:
Varta: Ancient thinkers used the word Varta to mean the science of nationaleconomy. Kautilya included agriculture, animal husbandry and trade in Varta.According to Mahabharata, Varta was the roof of the world, a thing which was most essential for economic stability.
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KAUTILYA'S ARTHASHASTRA.
According to kautilya 'ARTHA' (wealth) is the most important thing and 'dharma' and 'karma' are dependent on it. To him wealth included money,commodity,acquired wealth, public or private property, precious metals, labour and even forest produce.
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