Who is known as the father of Economics? [#919]

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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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.

World Health Day is observed on April 7 every year to mark the anniversary of the founding of the World Health Organization (WHO).

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World Health Day is observed on April 7 every year to mark the anniversary of the founding of the World Health Organization (WHO).

The part of the Brahmaputra River that flows through Bangladesh after crossing Assam is known as the Jamuna River.

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The part of the Brahmaputra River that flows through Bangladesh after crossing Assam is known as the Jamuna River.

Substitute Word: Extravagant Synonyms: wasteful, spendthrift.

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Substitute Word: Extravagant Synonyms: wasteful, spendthrift.

Integers

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Integers

Radha Govinda Baruah

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Radha Govinda Baruah

Venice

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Venice

The Dehing Patkai Rainforest is often referred to as the "Amazon of the East" due to its vast expanse and rich biodiversity, similar to the Amazon rainforest in South America. It is one of the largest surviving tropical lowland rainforests in India.

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The Dehing Patkai Rainforest is often referred to as the "Amazon of the East" due to its vast expanse and rich biodiversity, similar to the Amazon rainforest in South America. It is one of the largest surviving tropical lowland rainforests in India.

Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past. Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment. Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.

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Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past. Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment. Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.

Substitute Word: anesthetist. Anesthesiologists are medical doctors who specialize in administering anesthesia, the medical treatment that keeps you from feeling pain during procedures or surgery. They also manage your care before, during, and after your surgery. Synonyms: Anesthesiologists.

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Substitute Word: anesthetist. Anesthesiologists are medical doctors who specialize in administering anesthesia, the medical treatment that keeps you from feeling pain during procedures or surgery. They also manage your care before, during, and after your surgery. Synonyms: Anesthesiologists.

Adam Smith

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Adam Smith