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Question

"Economics is the Science of Wealth." Who gave this definition?

A
J. K. Mehta
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B
Marshall
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C
Adam Smith
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D
Robbins
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Solution

The correct option is D Adam Smith

Classical economists Adam smith defined economics as a science which studies about the nature and causes of wealth of nations. He said that economics is the study of the activities of people involved in the production of wealth.


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