Question

what is economic?and also give definition of Adam Smith​

Answer 1

Adam Smith was a Scottish philosopher, widely considered as the first modern economist.Smith defined economics as “an inquiry into the nature and causes of the wealth of nations.”


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Answer 2

Economics:

It is a branch of science that studies human behaviour related to its wealth in such a manner that consumer maximizes its satisfaction, producer maximizes its profit and society maximizes its social welfare.

Adam Smith was Scottish economist, philosopher and auther as well as modern philosopher a pioneer of political economy.

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