Question

what is economics? and who is the father of economics

Answer 1

The term Economics is derived from two Greek words namely, "Oikos" which means household & "Nemein" which means management. Thus Economics Means Household Management. The term Economics was first used by DR. Marshall in 1890 in his famous book, "Principles of Economics".

Adam Smith is known as the father of modern economics.

Answer 2

Economic is a social science which studies the way a society choose to use its limited resources, which have alternate uses, to produce goods and services and to distribute them among different groups of people.                                                          ADAM SMITH is the father of economic..............