____________ defines economics as a science of production, distribution and consumption of wealth.

John Stuart Mill

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Malthus

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Thomas Carlyle

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JB Say

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Solution

The correct option is D JB Say
JB Say defines economics as a science of production, distribution and consumption of wealth. Like Adam Smith, he also supported the wealth definition of economics. These economists aim to study economics in terms of wealth and focused on how to increase wealth.

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