Who of the following referred to 'economics' as the science of wealth?

A.C. Pigou

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Adam Smith

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George Bernard Shaw

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Alfred Marshall

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Solution

The correct option is B Adam Smith
Adam Smith
Adam Smith defined economics as a science of national wealth. Adam Smith and the other classical economists considered wealth as the central issue of the study of economics. According to them, Economics studies the principles of the term of the following aspects of wealth.

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