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
• B. Adam Smith
• C. Alfred Marshall
• D. A.C. Pigou

Answer 1

Answer: (B)

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.