According to __________ Economics is the "the study of how in a civilised society one obtains the share of what other people have produced and of how the total product of society changes and is determined."
A
Jacob Viner
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B
Henry Smith
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C
Pigou
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D
Paul A. Samuelson
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Solution
The correct option is B Henry Smith Henry Smith defined economics as science of dynamic growth and development.
He stated "the study of how in a civilised society one obtains the share of what other people have produced and of how the total product of society changes and is determined."