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Who is the father of economic?
Father of Economics is Adam Smith
Who was the father of economic?
ADAM SMITH is generally regarded as the father of economics.
Who is referred to as the father of economics?
John Maynard Keynes
What is economics according to Adam Smith?
Economics is a science of wealth.
What is the definition of Adam smith about economics?
economics is the study of wealth
Merits and demerits of Adam smith's health of nations?
Merits: Adam Smith's "The Wealth of Nations" laid the foundation for modern economics by introducing concepts such as the invisible hand, division of labor, and free markets. It emphasized the importance of self-interest in driving economic growth and productivity. Demerits: Critics argue that Smith's focus on self-interest and free markets can lead to income inequality, exploitation of workers, and environmental degradation. Additionally, some suggest that his ideas may not be applicable to all economic systems or societies.
Merits of Adam Smith definition?
merits of defination of economic given by adam smith
Who is the father of economic?
Father of Economics is Adam Smith
Who was the father of economic?
ADAM SMITH is generally regarded as the father of economics.
Who is referred to as the father of economics?
John Maynard Keynes
Who is the founder of economics?
Adam Smith
Why did Adam Smith?
He was interested in economics.
What is economics according to Adam Smith?
Economics is a science of wealth.
What are the contributions of Adam Smith in economics?
because his the father of economics
What is the definition of Adam smith about economics?
economics is the study of wealth
What are the merits and demerits of Adam smith's definition?
Adam Smith's definition of economics as the study of wealth emphasizes the importance of production and distribution in a society. The merit of this definition lies in its focus on economic growth and prosperity, highlighting how wealth generation drives societal progress. However, a significant demerit is that it overlooks non-material aspects of human welfare, such as inequality, environmental sustainability, and quality of life, leading to a potentially narrow view of economic success. This limitation suggests the need for a broader understanding of economics that includes social and ethical dimensions.
Who is called 'the father of Economics'?
Adam Smith is known as 'the father of Economics'.
