Multiple choice

Who propounded the 'market law'?

  1. Adam Smith

  2. J.B. Say

  3. T.R. Malthus

  4. David Recardo

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

J.B. Say propounded the 'Market Law' (Say's Law of Markets), stating that supply creates its own demand. Adam Smith is known for 'Wealth of Nations', Malthus for population theory, and Ricardo for comparative advantage.