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Questions
Who is known as the father of economics? Give the name of his famous book.
Who is the father of economics? Also write the name of his famous book.
Short Answer
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Solution
The father of economics is Adam Smith. His famous book is “An Inquiry into the Nature and Causes of the Wealth of Nations,” published in 1776. He defined economics as the science which inquires into the nature and cause of a nation’s wealth and emphasized the production and growth of wealth as the subject matter of economics.
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