wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Who systematized the concept in the form the book which was entitled as, An Enquiry into the Nature and Cause of the Wealth of Nations?

A
George Bernard Shaw
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Adam Smith
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Alfred Marshall
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
A.C. Pigou
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Adam Smith

Wealth measures the value of all the assets of worth owned by a person, community, company, or country. ... Essentially, wealth is the accumulation of scarce resources. Specific people, organizations, and nations are said to be wealthy when they are able to accumulate many valuable resources or goods. Wealth definition- Adam Smith (1776) Adam Smith. “Economics is the science of wealth” This Definition was introduced by Adam Smith.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Items Excluded in GDP
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon