Give the wealth-centred definition of economics given by Adam Smith.
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A science which enquires into the nature and causes of wealth of nations
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Wealth is determined by taking the total market value of all physical and intangible assets owned, the subtracting all debts.
Essentially, wealth is the accumulatizations of resources. Specific people, organization and nations are said to be wealthy when they are able to accumulate many valuable resources or good.
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