state the wealth definition of economics
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In 1776 A.D., Adam Smith published a book entitled "An Inquiry into the Nature and Causes of Wealth of Nation". In short, this book is also called "Wealth of Nation". The name of book itself defined what economics is and the study area or subject matter of economics that it covers. This is also considered as the Bible of the science of economics.
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- the wealth definition of economics was the first definition in economics.
- Adam Smith give the wealth definition of economics .
- he gave the definition in the book "enquiry into the nature and causes of wealth of nations "
- according to Adam Smith - " the wealthier the nation , happier are it's citizens."
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