___________ was not an advocate of wealth definition of Economics.

FA Walker

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Adam Smith

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Robbins

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JE Cairnes

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Solution

The correct option is C Robbins
Except Robbins all supported the wealth definition of economics. According to the wealth definition, economics is a science of production, distribution, and consumption of wealth. These economists aim to study economics in terms of wealth and focused on how to increase wealth. However, Robbins supported the scarcity definition of economics.

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