Economy, asked by rajjun, 2 months ago

tell me definetion of adam smith definetion of economics

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Answered by deepakojha11411

Answer:

economics as the science which studies the nature and causes of the wealth of the nation. According to him, economics maintain the relationship between consumption and production of wealth. It is concerned with the knowledge of earning money.

Answered by hitha84727

Answer:

However, the first definition was given by Adam Smith. He defined economics as the science which studies the nature and causes of the wealth of the nation. According to him, economics maintain the relationship between consumption and production of wealth. It is concerned with the knowledge of earning money.

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