ECONOMICS 101235
The University of Bradford (UoB)
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Macroeconomics notes (5th edition November 2022
- Exam (elaborations) • 32 pages • 2022
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Definitions of Economics
1. Adam Smith
(1776)
Wealth
definition
Economics is considered as science of wealth as
it is a study of the factors which are responsible
for wealth generation. Thus, in Economics we
study a body of knowledge which relates
to wealth.
Exam (elaborations)
Macroeconomics notes (5th edition November 2022
Last document update:
ago
Definitions of Economics 1. Adam Smith (1776) Wealth definition Economics is considered as science of wealth as it is a study of the factors which are responsible for wealth generation. Thus, in Economics we study a body of knowledge which relates to wealth.
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