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Question

In economics, demerit of the wealth is :

A
Wealth is taken as an end to human activities.
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B
Wealth maintains economic equality
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C
Wealth can not be used to buy material things
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D
None of the above.
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Solution

The correct option is A Wealth is taken as an end to human activities.
Wealth definition in economics which is also known as 'Gospel of Mammon' is regarded as the destruction of human life by giving importance to materialism i.e, wealth. So wealth is often regarded as the end of human activities.

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