Economy, asked by hsidhu2406, 11 months ago

merits and demerits of adam smith dafinition of economics

Answers

Answered by INVISIBLEDEMON

Answer:

Definition of Economics by Adam Smith gives primary importance to wealth and secondary to human being. This emphasis has now shifted from wealth to human being. Man occupies primary place and wealth a secondary one. The real fact is that man is more important than study of wealth.

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