Question

The "father of modern economics" who believed the state and mankind entered into a relationship was: Option 1: Adam Smith Option 2: John Maynard Keynes Option 3: Karl Marx Option 4: Milton Friedman

Answer 1

Answer: Adam Smith

Step-by-step explanation:

Adam Smith is often referred to as the father of modern economics because of his pioneering work in the 18th century, particularly in his book "The Wealth of Nations" (1776). In this book, Smith discussed the concept of the invisible hand, which suggests that individuals pursuing their own self-interest can unintentionally contribute to the overall good of society.