____________ assumed that, the wealthier a nation, the happier its citizens.

Alfred Marshall

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Lionel Robbins

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Adam Smith

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Samuelson

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Solution

The correct option is C Adam Smith
Adam Smith was a Scottish economist who described economics as a science which deals with the creation of material wealth and how to distribute them by setting up an effective relationship between various attributes of the economy like income, scarce resources etc. He believed that this wealth will satisfy the wants of all the citizens in the economy and will be good for economic welfare.

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