Question

Who published The Wealth of Nations , the first major book on economics , in 1776?
a. John Stuart Mill
b. Karl Marx
c. Adam Smith

Answer 1

The correct answer is Adam Smith.

ADDITIONAL INFORMATION:

>> Adam Smith published The Wealth of Nations,the first major book book on Economics in 1776.

>> Adam Smith is considered as father of Economics.

>> Adam Smith was Scottish philosopher and Economist.

>> The wealth of Nation analyses about the work and production of the nation.

>> Economics is a branch of social sciences which deals with choice problem, unlimited wants, scarcity of resources, maximum satisfaction and optimum utilisation.

Answer 2

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The Wealth of Nations published by Adam Smith on 9 March, 1776.

The major principal of that explain the role of the factors of production, among other factors, in the creation of wealth.

It influenced several authors and economists, such as Karl Marx, as well as governments and organisations.

It provided the foundation for economists, politicians, mathematicians, biologists.

The Scottish economist and moral philosopher Adam Smith.

Option C is correct.