Question

2) Statements incorrect with reference to Adam
Smith's definition :
a) Adam Smith is a classical economist.
b) Wealth of Nations is authored by Adam Smith.
C) Economics is the science of wealth.
d) Economics studies common man.
Options :
1) d
2) a, b and c
3) a and d
4) c and d​

Answer 1

Answer:

all are right answers first read the 11th standard textbook an then answer please

Answer 2

The incorrect statement regarding Adam Smith's definition is "Economics studies common man." (Option a)

• Adam Smith was a classical economist, philosopher, and author who founded classical free-market economic theory and economic discipline.
• He emphasized the Wealth of Nations through economic transactions rather than individual or social wellbeing.
• He is known as the "Father of Economics."
• He provided the wealth concept of Economics, which focuses solely on wealth, which subsequently proved to be a disadvantage.
• He regarded economics as the science of wealth.