Question

Which of the following is a merit of 'wealth definition'?

• A. It highlighted an important problem faced by each and every nation of the world, namely, creation of wealth..
• B. The problems of poverty, unemployment etc. can be solved to a greater extent when wealth is produced and is distributed equitably.
• C. Neither (A) nor (B)
• D. Both (A) and (B)

Answer 1

Answer: (D)

Both (A) and (B)

Wealth theory defined different effective activities that can solve all economic problems that a nation faced in the process of wealth generation for nation as well as individual. Wealth theory does not end just by creation of wealth, it aims at exchange as well as even distribution of wealth so that it benefits one and all.