ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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George Washington
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Thomas Jefferson
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Adam Smith
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Thomas Alva Edison
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Detailed explanation-1: -Adam Smith was an 18th-century Scottish philosopher. He is considered the father of modern economics. Smith is most famous for his 1776 book, “The Wealth of Nations."
Detailed explanation-2: -Adam Smith is considered the father of economics.
Detailed explanation-3: -The plan had heavily borrowed ideas from USSR’s five year plans developed by Domer Mahadev Govind Ranade is known as the father of Indian Economics.
Detailed explanation-4: -Adam Smith is known as the father of economics .
Detailed explanation-5: -Smith’s free-market philosophy was expressed in his notion of ‘the invisible hand’: the idea that an economy can regulate itself through the actions of individuals who are seeking only their own financial gain. This idea has come to be synonymous with capitalism and laissez-faire economics.