the main ideas of smith was the political economy that an invisible hand guided all what money or business involved
False
Adam Smith had a lot of basic capitalist ideas, like the invisible hand. He also stated that supply and demand would always fluctuate until they reached an equilibrium.
The main principle of Adam Smith's The Wealth of Nations is that business prospers by finding out what people want and providing it.
The main principle of Adam Smith's The Wealth of Nations is that business prospers by finding out what people want and providing it.
Adam Smith believed that entrepenaurs should be allowed to practice business without government interference. (laissez-faire, The Wealth of Nations)
All the developed countries of the world...
Capitalism
less government regulation of business
adoptedwrong^itscapitalism
Adam Smith was a Scottish moral philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Adam Smith is best known for two classic works: The Theory of Moral Sentiments (1759), and An Inquiry into the Nature and Causes of the Wealth of Nations (1776).
all of Smith's ideas contributed in the American economy which lead to the increase of the productivity and output, it also increased the competitions in the market.
John Maynard Keynes