Question

Which of these can be
attributed to Adam Smith?
(a)The Wealth of Nations (1776]
(b)Economics (1948)
(c)An Essay on the Nature and
Significance of Economic Science
(d)Hedges of Economics (1890)​

Answer 1

Wealth of nations 1776

Answer 2

(a) The Wealth of Nations(1776) can be attributed to Adam Smith.

Definition of The Wealth of Nations(1776);

The Wealth of Nations- is the book written by Adam Smith that focuses on the industrialized capitalist system.

Purpose of Wealth of Nations(1776);

• The Wealth of Nations focuses on the individual's self interest with the emphasis on social benefit.
• Adam Smith analysed the work and the production relationship of a nation's wealth.
• The three ideas reflected by Adam Smith was;

1. Labor
2. Free markets
3. Productivity

• The emphasis is on economic theories reflecting the economic policies of the conservative government in Britain.

Hence, the attributes reflecting The Wealth of Nations(1776) by Adam Smith reflects the economic situation with economic policies.