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Choose the correct option: Statements incorrect with reference to Adam Smith's definition Adam Smith is a classical economist. Wealth of Nations is authored by Adam Smith. - Economics

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प्रश्न

Statements incorrect with reference to Adam Smith's definition:

  1. Adam Smith is a classical economist.
  2. Wealth of Nations is authored by Adam Smith.
  3. Economics is the science of wealth.
  4. Economics studies common man.

विकल्प

  • d

  • a, b and c

  • a and d

  • c and d

MCQ

उत्तर

d

Explanation:

Adam Smith is indeed a classical economist, and he authored "The Wealth of Nations," his definition of economics goes beyond just the science of wealth, and he studied various aspects of economic activities and human behaviour in the broader context of societal development. Additionally, he didn't exclusively focus on the common man but considered a wide range of economic actors and factors.

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Nature of Economics
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Basic Concepts in Economics - Exercise Q.1 [पृष्ठ ८]

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बालभारती Economics [English] 11 Standard
अध्याय 1 Basic Concepts in Economics
Exercise Q.1 | Q 2 | पृष्ठ ८
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