Definition Of Economic By Different Economists

by • 18/06/2011 • B.COM PART 1 EconomicsComments (1)1152

Definition Of  Economic By Different Economists:


In the words of Adam Smith:

“Economics is a science of wealth”



Walter defined economics as:

“Economics is that body of knowledge which related to wealth.”



In the words of Mills:

“Economics is the science of wealth in relation to mass”.



In short, the classical school of thought emphasized purely wealth. So we can say that

“Economics studies the production, consumption, exchange and distribution of wealth.”

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One Response to Definition Of Economic By Different Economists

  1. saeed says:

    dear sir send me complete notes of economics if possible for u,
    otherwise ur site is useless for us
    (dear when we cant copy this note so how we can use this notes, mean this notes is useless for us totallyt mind)

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