Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Market as a social Institution

Question:

The author of the book The Wealth of Nations is _______

Options:

Paul Smith

Max Weber

Karl Marx

Adam Smith

Correct Answer:

Adam Smith

Explanation:

The correct answer is Option 4: Adam Smith

NCERT: The most famous of the early political economists was Adam Smith, who in his book, The Wealth of Nations, attempted to understand the market economy that was just emerging at that time. Smith argued that the market economy is made up of a series of individual exchanges or transactions, which automatically create a functioning and ordered system.