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Question
Who is known as the father of modern economics?
Options
Adam Smith
J.M. Keynes
Alfred Marshal
Robbins
MCQ
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Solution
Adam Smith
Explanation:
The father of modern economics is Adam Smith. He is known as the father of economics because of his classical work “An inquiry into the Nature and Causes of the Wealth of Nations” published in 1776, which laid the foundations of modern economic theory. His definition views economics primarily as the study of wealth and its accumulation.
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