1.

Explain the definition of economics as given by Kautilya.

Answer»

The definition of economics by Kautilya is as follows- “Man’s behaviour or livelihood is called Artha. The name of the land with man is Artha. The science that prescribes the measures to develop or nurture such land, is called economics.” Kautilya explains that this economics uses Artha in religion, economy and sensual pleasure and protects it.



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