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Question : Who is called the "Father of Economics"?

Option 1: Max Muller

Option 2: Karl Marx

Option 3: Adam Smith 

Option 4: Alfred Marshall 


Team Careers360 24th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Adam Smith


Solution : The correct answer is Adam Smith .

The "Father of Economics" is Adam Smith. He was a Scottish economist. Smith's most famous work, The Wealth of Nations, was published in 1776. Smith argued in his book that the free market is a substantial way to organise economic activity. He felt that people are inherently selfish and that selfishness leads to economic progress and wealth. Smith's theories had a significant impact on economic thought and policy. His views are still strongly disputed today but are believed to be the basis of contemporary economics.

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