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Home Questions T4S93CEKF4
Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Market as a social Institution

Question:

The eighteenth century witnessed the beginnings of modern economics. At that time economics was referred to as  __________?

Options:

Political Economy

Polity

Social Economy

Philosophical Economics

Correct Answer:

Political Economy

Explanation:

The correct answer is Option 1: Political Economy.

The eighteenth century witnessed the beginnings of modern economics. During this period, the subject was known as Political Economy. Adam Smith's ideas laid the foundation of modern economics through this discipline.

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