Who is considered as the Father of Modern Economics?

🔑Key Points:
Adam Smith is known as the father of Modern Economics.
His work explains the concepts of the mechanics of morality, markets, and capitalism within an industrialized society.
Self-interest, competition, supply and demand, and the relationship of labour in a free market are described in his book Wealth of Nations. 

🔴Additional Information:
P. C. Ray –
​Prafulla Chandra Ray is Known as the “Father of Indian Chemistry”.
He was a well-known Indian scientist and teacher and one of the first “modern” Indian chemical researchers.
He discovered the stable compound mercurous nitrite in 1896.
He established Bengal Chemical and Pharmaceutical Works Ltd, India’s first pharmaceutical company in 1901.
​Karl Marx –
Karl Marx or Karl Heinrich Marx is a revolutionary, sociologist, and economist.
He wrote Das Kapital book.
His thoughts and beliefs are known as Marxism.
He argued that industrial society was based on capitalism.
Capitalists owned the capital invested in factories and the profit of capitalists was produced by workers.