Who is known as the father of Economics? [#919]
Q1. Who is known as the father of Economics?
Q1. Who is known as the father of Economics?
Answer: (C) Adam Smith
Answer: (C) Adam Smith
Answer: (C) Adam Smith
Adam Smith is considered the father of modern economics. The 18th-century Scottish economist, philosopher, and author is credited with giving economics a well-defined shape as a new discipline.
Smith is known for arguing against mercantilism and being a major proponent of laissez-faire economic policies. He believed that the government should not interfere with the economy, and that free-market issues would fix themselves. Smith also believed that individual decisions, driven by self-interest, collectively guide the market to optimal equilibrium.
Adam Smith is considered the father of modern economics. The 18th-century Scottish economist, philosopher, and author is credited with giving economics a well-defined shape as a new discipline. Smith is known for arguing against mercantilism and being a major proponent of laissez-faire economic policies. He believed that the government should not interfere with the economy, and that free-market issues would fix themselves. Smith also believed that individual decisions, driven by self-interest, collectively guide the market to optimal equilibrium.
Adam Smith is considered the father of modern economics. The 18th-century Scottish economist, philosopher, and author is credited with giving economics a well-defined shape as a new discipline. Smith is known for arguing against mercantilism and being a major proponent of laissez-faire economic policies. He believed that the government should not interfere with the economy, and that free-market issues would fix themselves. Smith also believed that individual decisions, driven by self-interest, collectively guide the market to optimal equilibrium.
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