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Economic Quiz - Basic


Who is known as father of Economics?
Adam Smith

Who was the first economist to define the welfare-oriented definition of Economics?
Alfred Marshall

Who wrote the famous book “The nature and Causes of Wealth of Nations”?
Adam Smith

Who has written the book “Nature and Significance of Economic Science”?
Lionell Robbins

What is the definition given by Adam Smith?
“The study of the nature and causes of the wealth of nations”.

Which economist has defined Economics as a science of scarcity?
Lionell Robbins

Who has defined Economics as “The science which treats of wealth?
J.B.Say

Economics has been classified into how many types?

Economics has been classified into two types. Namely
a)      Micro Economics
b)      Macro Economics

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