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The Concept of Attha and Buddhist Economic Philosophy

The Pāli term attha (artha in Sanskrit) has many meanings, viz., profit, advantage, prosperity, welfare, well-being, and success. Generally speaking, the word ‘attha’ as success relates to the various aspects of man’s social and economic development -- such as the economy, politics, education, health, law, and morality of society. It refers to economic development and social progress due to the harmonious unification of all the above factors and it contributes to the peaceful co-existence and prosperity of a people.