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Income Method

Adam Smith co...

Question

Adam Smith considered Economics as:

A

Science of Wealth

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B

Science of Material Well-being

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C

Science of Choice-making

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D

Science of Growth and Development

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Solution

The correct option is A Science of Wealth
According to Adam Smith who was a Scottish economist, economics is the science of wealth which means that economics aims at generating wealth both individually and for the nation as a whole.

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