1}What is economics?
2} Who is the father of Economics?
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Answers
Answer:
1) Economics is a social science concerned with the production, distribution, and consumption of goods and services. ... Economics focuses on the actions of human beings, based on assumptions that humans act with rational behavior, seeking the most optimal level of benefit or utility..
2) 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."
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Explanation:
Economics is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work