1 of 10 〉
Who is considered as the father of economics?
Answer: Adam Smith Explanation:Adam Smith was an 18th-century Scottish philosopher. He is considered the father of modern economics. He published “The Wealth of Nations” in 1776.
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Name the economist who gave the theory of “Comparative Advantage.”
Thomas Robert Malthus
Answer: David Ricardo Explanation:David Ricardo was a classical economist best known for his theory on wages and profit, the labor theory of value, the theory of comparative advantage, and the theory of rents.