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Define economics as science of wealth?

Anonymous

∙ 15y ago

Updated: 4/28/2022

Define it as: the science of understanding how man maximises his outcomes in conditions of scarcity.

Wiki User

∙ 15y ago

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What is economics according to Adam Smith?

Economics is a science of wealth.

Economics is a science of wealth which enquires into the nature and causes of wealth of nations who gave this definition of economics?

Adam smith

Who said that the economics is science of wealth?

Adam Smith

Economics was the science of wealth it is now science of human welfare State and explain?

Because of the improvement or it means to know

How do you define economics?

Economics is the branch of social science that deals with the production and distribution and consumption of goods and services and their management.

Related Questions

How Economics is the science of wealth?

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What is economics according to Adam Smith?

Economics is a science of wealth.

How was the mainstream of economics thought by Adam Smith?

Economics is a science of wealth.

Economics is a science of wealth which enquires into the nature and causes of wealth of nations who gave this definition of economics?

Adam smith

Who said that the economics is science of wealth?

Adam Smith

Economics was the science of wealth it is now science of human welfare State and explain?

Because of the improvement or it means to know

-give the definition of economics in less developed countries?

science of the production and distribution of wealth.

How do you define economics?

Economics is the branch of social science that deals with the production and distribution and consumption of goods and services and their management.

How should 'economics' be defined?

Economics is the social science concerned with the production, distribution, and consumption of wealth and the allocation of scarce resources in order to meet apparently unlimited human wants.

What is the definition of economics by Robbins?

Robbins define Economics as the science which study human behaviour in relation to ends and scares means which have alternative uses.

Is economics a social science or human science?

economics is a social science

How does economics evolve as a science?

how does economics evolve as a science?

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