Give the defition of economics given by adam smith?
Answers
Answer:
The philosopher Adam Smith (1776) defines the subject as "an inquiry into the nature and causes of the wealth of nations," in particular as: a branch of the science of a statesman or legislator [with the twofold objective of providing] a plentiful revenue or subsistence for the people ...
Explanation:
"Economics is an enquiry into the nature and causes of wealth of nations."- Adam Smith. 2. Economics is the science which treats of wealth.
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The philosopher Adam Smith (1776) defines the subject as "an inquiry into the nature and causes of the wealth of nations," in particular as: a branch of the science of a statesman or legislator [with the twofold objective of providing] a plentiful revenue or subsistence for the people.♡