Who wrote the book “The Wealth of Nations”?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Adam Smith
NCERT (2025-26): “4.1 Sociological Perspectives on Markets … To answer this question, we need to go back briefly to eighteenth century England and the beginnings of modern economics, which at that time was called ‘political economy’. 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.…” |