Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Market as a social Institution

Question:

Who is known as the "Fountainhead of contemporary economic thought."?

Options:

Adam Smith

Karl marx

Max Weber

David Rudner

Correct Answer:

Adam Smith

Explanation:

The correct answer is Option 1: Adam Smith

NCERT: Adam Smith is known as the fountainhead of contem porary economic thought. Smith’s reputation rests on his five-book series ‘The Wealth of Nations’ which explained how rational self-interest in a free-market economy leads to economic well being.