Question

‘Economics is a Science which deals with wealth’ was referred by(a) Alfred Marshal(b) J.B. Say(c) Adam Smith(d) A.C. Pigou.

Answer 1

Heya...

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Economics is a science which deals with wealth was referred by..

Adam Smith ..

He is also known as father of economics..

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Answer 2

Answer:

Option C – Adam Smith.

Explanation:

Considered the ‘Father of Economics’, Adam Smith (1723 – 1790) referred to the subject as the ‘Science which deals with wealth’. Adam Smith, in his work, states that the main objective of any human activity is to attain wealth. According to him, economics deals with acquisition, accumulation and expenditure of wealth.