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In economics, wealth is the net worth of a person, household, or nation, that is, the value of all assets owned net of all liabilities owed at a point in time. For national wealth as measured in the national accounts, the net liabilities are those owed to the rest of the world. The term may also be used more broadly as referring to the productive capacity of a society or as a contrast to poverty. Analytical emphasis may be on its determinants or distribution.
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What is economics according to Adam Smith?
Economics is a science of wealth.
What is the definition of Adam smith about economics?
economics is the study of wealth
What does the study of economics include?
Economics is the study of wealth and its distribution.
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
What economics can help you in?
Economics can help you in many aspects.The definition of economics is - "An inquiry into the wealth of nations"-Adam Smith Therefore economics helps us to understand the wealth scenario of environments not necessarily restricted by size.
What the study of how wealth is created and distributed?
Economics
What is economics according to Adam Smith?
Economics is a science of wealth.
What is the definition of Adam smith about economics?
economics is the study of wealth
What does the study of economics include?
Economics is the study of wealth and its distribution.
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
What are the attributes of wealth in economics?
There are three attributes on wealth in economics. These may differ from what most people think of when they think of wealth. The attributes are marketability, scarcity, and utility.
How was the mainstream of economics thought by Adam Smith?
Economics is a science of wealth.
How Economics is the science of wealth?
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What economics can help you in?
Economics can help you in many aspects.The definition of economics is - "An inquiry into the wealth of nations"-Adam Smith Therefore economics helps us to understand the wealth scenario of environments not necessarily restricted by size.
The study of how wealth is created and distributed is?
Economics.
What question would have the answer economics?
What is the study of production, consumption, and transfer of wealth? The answer would be economics.
What is is the book authored by the father of economics?
"The Wealth of Nations"
