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Adam Smith
Colten Mayer
Wiki User
∙ 14y agoAdam Smith was the first person to explain the Market economy
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Which economist was among the first to explain how a pure market economy works?
Adam Smith
What form of economy does Russia have?
Command Economy & MARKET ECONOMY
Who came up with the THEORY OF free market?
Adam Smith is widely considered to have been the first person to describe capitalism as we know it today. In his The Wealth of Nations, he describes an "invisible hand" that will guide the nation's economy towards the greatest good for both producer and consumer without the interference of government.
Who were the first people to develop a money economy?
The Lydians were the first people to develop a money economy.
What was the Incas economy?
the incas Economy was the first men down
Which economist was among the first to explain how a pure market economy works?
Adam Smith
Which economist was among the first to explain how pure market economy work?
Adam Smith
Is the Italian economy a market economy or a command economy?
Italy's economy may have strong government regulation, but it is first and foremost a MARKET ECONOMY because firms choose their own levels of production, not the Italian government (which would be the case in a command economy).
Was Leonardo da Vinci the first person to explain why the sky is blue?
No, da Vinci was not the first person to explain why the sky is blue. John Tyndall was the fist person to begin to explain this phenomenon in 1859.
Who was the first person to market frozen vegetables in 1930?
the first person to market frozen vegtables in 1930 was Clarence Birds eye
Who was the first person to explain the tides scientifically?
me
Who was the first person to explain the circulatory system?
William Harvey
Who was the first person to explain seasons?
Maybe scientist(s)
How can you explain to a person that he's wrong?
First, are you sure that he's wrong and you're right. Then explain it nicely and try to lead the person to understand by himself.
Who was the first person to market frozen vegetables?
jenna Marie mason was the first person in history on 1820 July 17th.
Where can a person read about the stock market failure?
A person can read about the stock market failure in several different places. A person can read history books about the stock market failure, or they can read blogs for first-hand accounts of the event.
Who was the first person to explain why the sun and stars move acreoss the sky?
Ellen Kim was the first to explain why the sun and stars move across the sky in 1858
