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    Question

    The book, “An Enquiry into the Nature and Causes of

    the Wealth of Nations”, (1776) defined Economics as:
    A Study of Capabilities Correct Answer Incorrect Answer
    B Study of Aspirations Correct Answer Incorrect Answer
    C Study of Wealth Correct Answer Incorrect Answer
    D Study of Means and Ends Correct Answer Incorrect Answer

    Solution

    Adam Smith, the father of modern Economics, in his book entitled an Enquiry into the Nature and Causes of the Wealth of Nations (1776) defined Economics as a study of wealth. According to him, the subject matter of Economics is the study of how wealth is produced and consumed.

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