The Father of Economics in the world is :
(a) Adam Smith
(b) Alfred Marshall
(c) Lord Lionel Robbins
(d) Prof. J. K. Mehta
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Adam smith is the father of economic 8n world
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Answer:
Adam Smith
Explanation:
- Adam Smith was an 18th century philosopher renowned as the father of modern economics and a major proponent of laissez-faire economic policies.
- The recorded history of Smith's life begins on June 5, 1723, at his baptism in Scotland; however, his exact birthdate is undocumented.
- Smith is most famous for his 1776 piece, "The Wealth of Nations," but his first major treatise, "The Theory of Moral Sentiments," was released in 1759, and many of its ideas are still practiced today.
- Smith changed the import/export business and created the concept of what is now known as the gross domestic product (GDP)
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