Question

Very Short Answer Type Questions
1. Why was Adam Smith called the father of economics ?
Write the definition of Adam Smith.
3. Write two characteristics of the definition of Adam Smith
4. Write two demerits of the definition of Prof. Marshall.
5. How has Robbins defined economics?​

Answer 1

Answer:

I think he named his son has economics

Answer 2

Adam Smith was an 18th-century Scottish economist, philosopher, and author, and is considered the father of modern economics. ... Smith's ideas–the importance of free markets, assembly-line production methods, and gross domestic product (GDP)–formed the basis for theories of classical economics