5 Views

Question : Who said, "Economics is the Science of Wealth"?

Option 1: Lionel Charles Robbins

Option 2: J. S. Mill

Option 3: Adam Smith

Option 4: John Maynard Keynes


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Adam Smith


Solution : The correct answer is Adam Smith .

Smith is often regarded as the founder of modern economics and his book An Inquiry into the Nature and Causes of the Wealth of Nations (1776) is widely regarded as one of the most significant works in the discipline. Smith defined economics in the book as the study of how products and services are generated, dispersed and consumed. He contends that the free market is the most efficient technique for allocating resources and creating prosperity.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books