Question

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What is economics? Who is the father of economics?​

Answer 1

Answer:

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Economics is the study of how humans make decisions in the face of scarcity. These can be individual decisions, family decisions, business decisions or societal decisions. ... Scarcity means that human wants for goods, services and resources exceed what is available.

Early Life Of Adam Smith

Adam Smith was an 18th-century Scottish economist, philosopher, and author, and is considered the father of modern economics. Smith is most famous for his 1776 book, "The Wealth of Nations."

Answer 2

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