Wt is definition of economic

Dear Student
Economics is a science of wealth”. Wealth means
goods and services transacted with the help of money.
Let’s discuss four aspects of wealth; the first one is
the production of wealth it shows as to how goods and
services are produced. Goods and services are produced
by the combination of four factors of production i.e.
land, labor, capital, and organization. The second aspect is
exchange of wealth there are many procedures of goods
and services in a society. Every procedure produces
goods and services more than his personal requirement. 


Regards