Who of the following referred economics as the science of wealth? (x) J.B. Say (y) Walker (z) Adam Smith Select the correct answer from the options given below -
A
(X) only
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B
(Y) only
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C
(Z)
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D
All (X), (Y) & (Z)
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Solution
The correct option is D All (X), (Y) & (Z)
Adam Smith, J.B. Say and
F.A. Walker defined economics as the science of wealth because according to
them economics is the systematic study of how to generate wealth for individual
as well as the nation.