Who gave "Wealth Oriented" definition of Economics?

Lionel Robbins

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Adam Smith

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Alfred Marshall

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None of the above

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Solution

The correct option is B Adam Smith
Adam Smith defined economics as 'Science of Wealth'. The main features of Adam Smith's wealth-oriented definition are as follow:-
(i) Study of Wealth
(ii) Only Material Commodities
(iii) Stress on wealth
(iv) Causes of Wealth
(v) Economic Man

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