Adam Smith and other philosophers of industrialization viewed natural laws as the foundation for free trade and economy ("laissez faire economics").
Father of Economics is Adam Smith
ADAM SMITH is generally regarded as the father of economics.
The price of any item that is equal to the costs of producing it.
Economics is a science of wealth.
Law of self-interestLaw of competitionLaw of supply and demand
yes
Adam Smith and other philosophers of industrialization viewed natural laws as the foundation for free trade and economy ("laissez faire economics").
Father of Economics is Adam Smith
he was a staunch opponent of it
Adam Smith's vision was to promote free markets and individual self-interest as the driving forces of economic prosperity. He believed that through the pursuit of self-interest, individuals unintentionally contribute to the overall wealth of society. Smith emphasized the importance of division of labor, specialization, and limited government intervention in the economy.
ADAM SMITH is generally regarded as the father of economics.
The price of any item that is equal to the costs of producing it.
because his the father of economics
Economics is a science of wealth.
economics is the study of wealth
Adam Smith is known as 'the father of Economics'.