Question

State the definition of economics given by Kautilya ? in 2 mark​

Answer 1

Answer:

KAUTILYA'S ARTHASHASTRA.  According to kautilya 'ARTHA' (wealth) is the most important thing and 'dharma' and 'karma' are dependent on it.  To him wealth included money,commodity,acquired wealth, public or private property, precious metals, labour and even forest produce.

Answer 2

Explanation:

2500 years ago ,kautilya who is also known as chanakya

discussed in his books Arthshastra the purpose of economic activity undertaken by a state and society.

According to kautilya ,the intention of a human being

is arth (wealth);the piece of land which has human settlement is arth (wealth)and thus the science explaning

the purpose and utility of wealth creation on earth is called economics.