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Importance of Management

The definitio...

Question

The definition that has been criticized as 'Gospel of Mammon' 'a pig science' etc. is _______.

A

welfare definition

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B

growth definition

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C

wealth definition

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D

scarcity definition

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Solution

The correct option is C wealth definition
The definition by Adam Smith, which emphasized on the material aspect of human life, i.e, generation of wealth due to scarcity of resources in the society made the whole theory of generation of wealth a 'Gospel of Mammon' which means giving more importance to materialism in human life.

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