Give kautiya's definition of economics
Answers
Answer:
economocs
Explanation:
e c o n o m I c s ....
Answer:
According to Kautilya, economics is a separate science but not independent of other disciplines and particularly of ethics.
Explanation:
The concept of wealth as held by Kautilya was very wide in its scope. To him, wealth included money, commodity, the acquired wealth, public or private property, precious metals, the accumulated wealth, negotiable and transferability and the power of appropriation.
The ancient thinkers did not regard economics as a separate discipline. The study of economics was combined with the study of religion, ethics, philosophy, law, politics and public administration. According to Kautilya, the study of four sciences namely, philosophy, ethics, economics and politics was combined together and was essential for the salvation of individual. The economic teaching emphasised a moral life.
Secondly, the concept of welfare state was the kernal of the ancient Indian economic thought. The state was responsible for the economic prosperity of the people.
Finally, economic life as well as thought in ancient India was governed by moral sanctions and religious ideals. The social equilibrium was maintained by the system of ‘Varna ashram’ a system of mutual checks and balances emphasizing the virtues of hard work.
According to kautilya "ARTHA"(wealth) is the most important thing and 'dharma' and 'karma' are both depended on it.
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