Question

Mention any wealth centred definition of economics​

Answer 1

Answer:

It means economic deals with production, distribution, exchange and consumption of wealth. 2. Secondary Place to Mankind. The wealth centered definition of economic has given first priority to wealth and secondary priority to mankind. Adam Smith assumed that mankind is for wealth but wealth cannot be for mankind.

Answer 2

Answer:

Classical economists such as Adam Smith, Ricardo and JB Say defined economics as a science of wealth. Adam Smith who is generally regarded as the father of economics, defined economics as a science which enquires into the nature and cause of wealth.