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प्रश्न
According to 'Adam Smith' production means production of material goods only.
विकल्प
True
False
उत्तर
This statement is True.
Explanation:
According to Adam Smith, who is often considered the father of modern economics, production was primarily focused on creating material goods. His definition of production emphasized the production of tangible, physical goods that could be traded in the market. Smith's classical economics largely centered around producing and accumulating wealth through material goods.
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