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“Economics is the science of wealth”. Who gave this definition? - Economic Applications

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प्रश्न

“Economics is the science of wealth”. Who gave this definition?

विकल्प

  • Marshall

  • Robbins

  • Adam Smith

  • JK Mehta

MCQ
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उत्तर

Adam Smith

Explanation:

The definition “Economics is the science of wealth” was given by Adam Smith. He viewed economics primarily as the study of wealth, focusing on material goods and the causes of wealth accumulation. However, this definition has been criticized for emphasizing wealth over human welfare.

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अध्याय 1: Meaning and Definition of Economics - QUESTIONS [पृष्ठ १३]

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जे. पी. गोयल और कौशल गोयल Economic Applications [English] Class 9 ICSE
अध्याय 1 Meaning and Definition of Economics
QUESTIONS | Q 1. | पृष्ठ १३
जे. पी. गोयल और कौशल गोयल Economics [English] Class 9 ICSE
अध्याय 1 Introduction to Economics
QUESTIONS | Q 1. | पृष्ठ ११
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