Adam Smith (1776) has come to be regarded as the 'father' of economics because he put forward a unique proposition: that the wealth of the nation or state would be best advanced by allowing each individual in the nation to pursue freely what he himself thought were his own best economic interests. (Adam S; 1776) In the beginning mankind grow vegetables, rear animals like chicken, cow, goat and others for their own use. The initial subsistence economic …
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showed last 75 words of 3701 total
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