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Who systematized the concept of economics in the form the book which was titled as, "An Enquiry into the Nature and Cause of the Wealth of Nations"?
Who systematized the concept of economics in the form the book which was titled as, "An Enquiry into the Nature and Cause of the Wealth of Nations"?
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Solution
The correct option is B Adam Smith
Adam Smith was a Scottish economist who defined economics as the science of wealth in his book "An Enquiry into the Nature and Cause of the Wealth of Nations" where he described how individual wants are met through wealth generation by the application of scarce resources.
Adam Smith was a Scottish economist who defined economics as the science of wealth in his book "An Enquiry into the Nature and Cause of the Wealth of Nations" where he described how individual wants are met through wealth generation by the application of scarce resources.
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