Question

study of economics is not only enlighten but also profitable said by
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Answer 1

Answer:

Adam Smith FRSA was a Scottish economist, philosopher as well as a moral philosopher, a pioneer of political economy, and a key figure during the Scottish Enlightenment,

Explanation:

Answer 2

Answer: Scottish economist, philosopher, and moral philosopher Adam Smith FRSA was a major character in the Scottish Enlightenment and a pioneer of political economy.

Explanation: Adam Smith was one of the first thinkers of his era to assert that wealth is produced through labor that is fruitful and that people are driven by self-interest to make the best use of their resources. He claimed that capital investments generated profits, and that capital is allocated to projects where the greatest profits can be realized. Scottish economist and philosopher Adam Smith FRSA (baptized 16 June [O.S. 5 June] 1723 – 17 July 1790) was a major figure in the Scottish Enlightenment and a pioneer in the field of political economy. The Wealth of Nations, written by Smith in 1776, is his most well-known work. Philosophers, writers, and economists of the 20th century examined Smith's writings. Smith's viewpoints on the significance of open markets, assembly-line manufacturing, and gross domestic product (GDP) helped to shape the the foundation for classical economics ideas.

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