SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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who is called the ‘Father of economics’
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Max Muller
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Karl Marx
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Adam Smith
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none of these
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Explanation:
Detailed explanation-1: -Adam Smith was an 18th-century Scottish economist, philosopher, and author who is considered the father of modern economics. Smith argued against mercantilism and was a major proponent of laissez-faire economic policies.
Detailed explanation-2: -Adam Smith is known as the father of economics .
Detailed explanation-3: -“Economics is the science of wealth” This definition was given by Adam Smith. He is also known as the ‘father of economics. According to this definition, economics is a science of the study of wealth only. It deals with production, distribution, and consumption.
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