Question

Adam Smith systematized the concept of economics in the form of a book which was titled:

• A. An Enquiry into the Nature and Cause of the Wealth of persons.
• B. An Enquiry into the Nature and Cause of the Wealth of Nations.
• C. An Enquiry into the Nature of the Wealth of Nations.
• D. An Enquiry into the Nature and Cause of the Wealth of Society.

Answer 1

Answer: (B)

An Enquiry into the Nature and Cause of the Wealth of Nations.

Adam Smith was a Scottish economist who in his book "An Enquiry into the Nature and Cause of the Wealth of Nations" systematised the concept and expressed his idea of economics.