Why Was Adam Smith so Important?


Adam Smith is considered to be the founder of modern capitalism. His contributions in modern economic system are vital in the development of European Industrial age and subsequent economics. The modern economic concept of Laissez-faire was developed by Adam Smith.
Q&A Related to "Why Was Adam Smith so Important"
Father of capitalism and the free market economy. Had the idea of the invisible hand leading the economy rather than the government. We currently have a system with minor government
Adam Smith is the Father of capitalism and the free market economy. He had the idea of
He's the person that, for better or for worse, cemented the concept of capitalism and free markets. He laid it all out in his book _The Wealth of Nations_, written in 1775. He is
The. gross domestic product. (GDP) is one the primary. indicators. used to gauge the health of a country's. economy. It represents the total dollar value of all goods and services
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2015 Ask.com