Economy, asked by Anonymous, 9 months ago

Make a comparative study upon the various definition of Economics which are given by many famous Economists like Prof. Marshall, Adam Smith and Robins. Explain the growth oriented definition of Economics please answer it as soon as possible do spam answers pls

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Answered by cyrilcj777wifi
2

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Adam Smith's Definition of Economics

Adam Smith was a Scottish philosopher, widely considered as the first modern economist. Smith defined economics as “an inquiry into the nature and causes of the wealth of nations.”

John Stuart Mill (1844) defines the subject in a social context as: The science which traces the laws of such of the phenomena of society as arise from the combined operations of mankind for the production of wealth, in so far as those phenomena are not modified by the pursuit of any other object.

Answered by RishiAEC
3

Answer:

Make a comparative study upon the various definition of Economics which are given by many famous Economists like Prof. Marshall, Adam Smith and Robins. Explain the growth oriented definition of Economics please answer it as soon as possible do spam answers pls economic development manager at

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