What is Economics:
The Economics is The Branch Of Knowledge Which relates to Production, Consumption and Distribution Of Wealth. Or We Can Say Economics is Social Science which is Concerned with Production, Consumption and Transfer Of Wealth / distribution of Wealth.
According to Adam Smith: " Economic is Science of Wealth Which is interested in Exchange of Wealth, Production of Wealth, Consumption of Wealth And Distribution of Wealth."
In Economic There are Four factors Of Production are discussed Land, Labor, Capital and Entrepreneurship are Most important in Production. These are also Called as Economic Resources.
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